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2024 2nd International Conference on Financial Management and the Digital Economy (ICFMDE 2024) 

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The 2024 2nd International Conference on Financial Management and the Digital Economy (ICFMDE 2024) successfully concluded on December 20, 2024, in Kuala Lumpur, Malaysia.

 

Building on the momentum of previous years, the conference brought together four globally renowned speakers who shared groundbreaking insights on emerging trends at the intersection of finance, technology, and sustainable development. With over 80 participants from 15 countries, including academics, industry leaders, and students joining via hybrid platforms, the event highlighted Malaysia’s growing role as a hub for digital innovation in Southeast Asia. The tropical venue fostered vibrant exchanges, particularly during panel discussions addressing regional challenges in fintech adoption and cross-border financial governance.

 

As sunset painted the Petronas Towers gold, attendees departed with renewed commitment to ethical innovation—a fitting tribute to Malaysia’s vision of progress rooted in diversity. We extend heartfelt gratitude to our hosts at Universiti Malaya, sponsors, and the passionate global community that made this convergence of minds possible. The stage is now set for 2025’s edition to amplify these dialogues in our ever-evolving digital financial landscape.

Important Dates

Conference date: Decmeber 20-22, 2024

Submission deadline: August 20, 2024

Notification date: September 30, 2024

Registration deadline: November 21, 2024

Camera-ready PDF deadline: November 30, 2024​​​

Conference General Chairs

Prof. Thomas Andreas MAURER, HKU Business School, The University of Hong Kong, China

Prof. Satya Narayan Singh, HIPDET University, Department of Economics, USA

Program Committee Chair

Dr. Yu Zuo, Paris Institute of Technology, Paris, France

​Dr. Anna Wang, Yunnan University, China

Publication Chair

Prof. Thomas Andreas MAURER, HKU Business School, The University of Hong Kong, China

Committee Members & Peer reviewers

Anran Wang, Media and Communications, London School of Economics and Political Science, UK

Asharaf Bin Mohd Ramil, Universiti Sains Islam Malaysia, Malaysia

Bingnian Li, Tianjin University of Finance and Economics, China

Chang Su, Nuffield College, University of Oxford, UK

Gary I. Lilienthal, Tashkent State University of Law, India

Haslinah Binti Muhamad, Universiti Putra Malaysia, Malaysia

Huaping Sun, University of Science and Technology Beijing, China

Jinting Liu, Mathematic and Statistrics, UCS

Md Rabiul Islam, Universiti Utara Malaysia, Malaysia

MesfinYemer Yasin, Dire Dawa University, Ethiopia

Michela Braga, Bocconi University, Italy

Nadeem Malik, University of Balochistan Quetta, France

Wen Zhang, School of Business & Economics, The University of Auckland, New Zealand

Wei Hu, School of Economics, Wuhan University of Technology, China

Liu Boyi, Department of Management, Zhejiang Shuren University, China

Liew Chee Yoong, UCSI University, Malaysia

Panpan Zhu, School of Economics, Beijing Technology and Business University, China

Surbhi Jain, Professor and Former Head of the Department of Management Sciences, Savitribai Phule Pune University, India

Satya Narayan Singh, HIPDET University, Department of Economics, USA

Xiaolong Li, Tianjin University of Finance and Economics, China

Xiongfeng Pan,  Dalian University of Technology, China

Xiang An, Tianjin University of Finance and Economics, China

Yinpeng Zhang, School of Economics and Management, Shenzhen University, China

Zillur Rahman, Professor, Department of Management Studies, Indian Institute of Technology Roorkee (IITR), India

Ziqi Liu, Accounting, Technological University Dublin, German

Zhenkai Ran, Department of Finance, University of Cambridge, UK

Zariyawati Binti Mohd Ashhari, Universiti Putra Malaysia, Malaysia

Call for Papers

01 Financial Management

  • Financial Risk Assessment and Mitigation Strategies

  • Investment Portfolio Diversification and Performance Evaluation

  • Corporate Financial Decision-Making

  • Financial Regulations and Compliance

  • Corporate Governance and Financial Accountability

  • Digital Economy's Impact

  • Labor Market Dynamics

  • Trade Policy Effects

  • Financial Inequality

  • Emerging Market Prospects

03 Risk Management

  • Enterprise Risk Management Best Practices

  • Strategic Risk Assessment and Management

  • Environmental and Climate-Related Risks

  • Credit Risk Modeling and Management

  • Cybersecurity Risk Mitigation

  • Decentralized Finance (DeFi) Innovations and Challenges

  • Digital Wallets and Payment Solutions in the Modern World

  • Cryptocurrency Regulation and Compliance

02 Finance-Related Digital Technologies

  • FinTech Revolution

  • AI in Financial Analysis

  • Digital Currency Trends

  • Data Privacy Challenges

  • Cloud & Big Data in Finance

  • E-commerce and Online Business Models

  • Digital Marketing and Consumer Behavior

  • Digital Transformation Strategies in Business

  • Data Analytics for Business Decision-Making

  • Cybersecurity in the Digital Economy

04 Economic Trends

  • Digital Economy's Impact

  • Labor Market Dynamics

  • Trade Policy Effects

  • Financial Inequality

  • Emerging Market Prospects

  • Blockchain and Smart Contracts in Financial Transactions

  • Quantum Computing Applications in Financial Analysis

  • Internet of Things (IoT) and Its Role in Financial Services

Submission methods and requirements

Submit your full paper to conf_committee13@outlook.com along with your full name, affiliation, alternate mailbox. We will reply you in 5 working days.

Paper format: Authors must prepare their papers using Microsoft Word, according to the guidelines and templates, and then convert these files to PDF. Submissions must be self-contained. Authors are required to submit their electronic papers in WORD and PDF format. Papers will be accepted in English only.

Submissions to ICFMDE 2024 should report on significant, original, and previously unpublished results on any aspect of financial management and digital economy. Papers on AI research problems, and papers that cross discipline boundaries within financial management and digital economy are especially encouraged. The reviewing process of the ICFMDE aims to provide authors with constructive feedback on their papers, even when a submission is rejected. All submissions will be subjected to double-blind peer reviews, who are expert or have been experiencing in the related field for years. The accepted papers must be revised, taking into consideration the referees' comments and suggestions, before inclusion in the conference proceedings.

Dual submissions: ICFMDE 2024 will not accept any paper that, at the time of submission, is under review for, has already been published in, or has already been accepted for publication in a journal or another venue with formally published proceedings. (As a guideline, authors should regard publications with a DOI, ISBN, or ISSN as formal publications. Questions about submission eligibility should be referred to the program chair before the submission deadline.) Authors are also required not to submit their papers to venues with formally published proceedings during the ICFMDE2024 review period. These restrictions do not apply to workshops and similar specialized presentations with a limited audience and without published proceedings.

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For each accepted paper, at least one author must attend the conference and present the paper. Authors of all accepted papers must prepare a final version for publication, a poster presentation or a short video/live oral presentation.

Program

Day 1 December 20  -  ​Registration Day

  • 09:00 - 16:00 | Lobby | Collecting materials

  • 17:00 - 20:00 | Dinner

Day 3 December 22  -  ​Conference Day

  • 09:00-10:30   Parallel sessions (Oral presentation)

  • 10:30-10:45   Morning coffee break

  • 10:45-12:00   Parallel sessions (Oral presentation)

  • 12:00-13:30   Lunch

  • 13:30-15:00   Parallel sessions (Oral presentation)

  • 15:00-15:30   Coffee break

  • 15:30-17:00   Parallel sessions (Oral presentation)

  • 17:00-17:30   Closing ceremony

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Day 2 December 21  -  ​Conference Day

  • 09:00-09:10   Opening ceremony

  • 09:10-09:55   Keynote speech #1

  • 09:55-10:30   Group photo/Poster session

  • 10:30-11:15   Keynote speech #2

  • 11:15-12:00   Keynote speech #3

  • 12:00-13:30   Lunch

  • 13:30-15:00   Parallel sessions (Oral presentation)

  • 15:00-15:30   Coffee break

  • 15:30-18:00   Parallel sessions (Oral presentation)

  • 18:00-19:30   Banque

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Invited Speakers

 

Prof. Thomas Andreas MAURER

Speech Title: Kyle in a Triangle: Asymmetric Information and Strategic Trading in Connected Markets with Redundant Assets

Abstract: We analytically solve a Kyle model with an informed riskaverse speculator strategically trading in three connected asset markets satisfying a triangle relationship where a combination of two assets determines the value of the third (redundant) asset. Given private information on one asset, the speculator trades this asset directly in the corresponding market as well as indirectly via the triangle by simultaneously trading the other two assets. In equilibrium, the price informativeness is smaller, and the speculator trades more aggressively and earns higher profits in markets for assets that are more intensively used for indirect trading via the triangle. As an application to foreign exchange markets our model provides a market microstructure explanation based on asymmetric information for the high trading volume and low price impact for currency pairs that involve a vehicle currency (i.e., a trade via the triangle) such as the U.S. dollar.

Prof. Victoria Gierok

Speech Title: Financial Crises in History 1600-1939: Lessons from the Past

Biography: Dr. Victoria Gierok is a tutor in Economic History at Nuffield and Brasenose Colleges, University of Oxford. She specializes in the political economy of pre-industrial Germany, particularly the Holy Roman Empire, and received her DPhil in Economic and Social History from Oxford in May 2022 under the supervision of Professor Stephen Broadberry. Her research focuses on long-term economic inequality, poverty, and public finance in German territories from 1300 to 1800. Dr. Gierok has developed two new datasets on inequality and fiscal systems for over 50 communities, exploring the impact of demographic shocks, institutional changes, and economic cycles on inequality. She has been awarded grants from the Economic History Society and the German History Society, and received the Economic History Society New Researcher Poster Prize in 2021.

Prof. Abdelhak Senadjki

Speech Title: Smart Nation, Smart Markets: Big Data’s Role in China's New Digital Silk Road

Abstract: Big data is becoming a driver of economic change and global collaboration in the age of digital globalization. China, as a leader in this wave, is integrating data-driven technologies into its Belt and Road Initiative (BRI), which has spawned the Digital Silk Road, a strategic approach to increase cross-border connectivity, smart infrastructure, and digital trade. Although its increasing significance can be observed, the economic consequences of this digital expansion have not been explored in full. The question that is critical and to be answered in this keynote speech is how big data technologies are influencing trade flows, economic performance, and digital governance among countries that are partners of the BRI, with China playing the main role. The first goal is to analyse how big data can be used to power innovation, support smart logistics and digital markets by means of advanced technologies like AI, cloud computing, and IoT. Based on empirical evidence and policy trends, the presentation unravels the fact that the countries involved in the digital infrastructure investments of China have recorded faster growth in digital trade and enhanced connectivity. Such results make big data not only a technological device but also a strategic tool of the Chinese international economic policy. The keynote ends with some policy implications to be made to enhance inclusive, secure, and sustainable digital development in the emerging global digital ecosystem.

Prof. Evan Lau Poh Hock

Speech Title: Digital Banking

Abstract: The inexorable march of digitalization and the rise of financial technology (Fintech) are fostering a compelling case for the emergence and proliferation of digital banks. This paradigm shift gains further significance in light of the substantial populations categorized as unbanked or underbanked, presenting a ripe terrain for digital banking opportunities. The COVID-19 pandemic, acting as a catalyst, has accentuated the imperative for traditional banks to swiftly pivot towards digital landscapes, underscoring the urgency for agility, adaptability, and transformative measures. Pertinently, institutions that had invested significantly in digital transformation prior to the pandemic found themselves better positioned to navigate the evolving financial landscape. The Sustainable Development Goals (SDGs) emerge as a collaborative model for the Digital Banks Ecosystem, offering a potential solution aligned with global commitments encapsulated in the 5Ps (People, Planet, Prosperity, Peace, and Partnership). As the financial sector charts its trajectory into the future, the prospect of metaverse and multiverse banking journeys looms large, signifying a dynamic evolution in the way banking services may be conceptualized and delivered. This journey envisions a holistic integration of digital technologies and sustainable practices, presenting a transformative vista for the financial industry on a global scale.

Prof. Erik Cambria

Speech Title: 7 Pillars for the Future of AI

Abstract: In recent years, AI research has showcased tremendous potential to impact positively humanity and society. Although AI frequently outperforms humans in tasks related to classification and pattern recognition, it continues to face challenges when dealing with complex tasks such as intuitive decision-making, sense disambiguation, sarcasm detection, and narrative understanding, as these require advanced kinds of reasoning, e.g., commonsense reasoning and causal reasoning, which have not been emulated satisfactorily yet. The Seven Pillars for the future of AI (https://sentic.net/7-pillars-for-the-future-of-ai.pdf) address these shortcomings and pave the way for more efficient, scalable, safe and trustworthy AI systems.

Prof. Sudeep Tanwar

Speech Title: Integration of Blockchain and AI for Building Secure Healthcare Applications

Abstract: The convergence of Blockchain and Artificial Intelligence (AI) promises transformative advancements in the healthcare sector. This integration enhances security, trust, and data management efficiency. Blockchain's decentralized ledger and AI's advanced analytics create a robust framework for managing Healthcare environments. This talk discusses opportunities, including improved cybersecurity, efficient healthcare management, and secure operations in Healthcare Applications. Also, highlight challenges such as high computational demands, latency, interoperability, and standardization must be addressed. Discussed opportunities and challenges, providing insights into future research and practical implementations to achieve secure, intelligent, and efficient next-generation Healthcare Applications.

Prof. Hongbing Cheng

Speech Title: Blockchain and Data security

Abstract: Blockchain is a chained data structure consisting of blocks linked in chronological order. Each block needs to maintain an identical, continuously growing, and immutable ledger backup locally; blockchain is a technology that enables the secure sharing of information. Data, obviously, is stored in a database. Transactions are recorded in an account book called a ledger. In this report, we will explain blockchain technology and preliminarily explore its potential application data security areas.

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