University project to create 30,000 finance jobs

A world-class financial services technology lab at the University of Sydney is looking to double Australia's financial services exports and create 30,000 jobs, writes Brian Karlovsky for ARN.

The A$56 million Financial Services Innovation Partnership, announced last week by Federal Innovation Minister Kim Carr, will aim to ‘democratise’ time-series prediction technology by giving a larger number of Australian companies access to predictions of their financial data within a fraction of a second.

The technology uses mathematical algorithms and computer systems to predict future values, and brings together the brightest minds in the fields of economics, engineering, mathematics and computer science.
Full report on the ARN site