Steve Y. Yang
| Steve Y. Yang | |
|---|---|
| Born | United States |
| 🎓 Alma mater | University of Virginia (Ph.D.) |
| 💼 Occupation | |
| Known for | Founding Director of CRAFT, first NSF-funded fintech research center |
Steve Yang is an American financial engineer and associate professor in the School of Business at Stevens Institute of Technology in Hoboken, New Jersey. He is the founding Director of the Center for Research toward Advancing Financial Technologies (CRAFT), described by independent press as the first National Science Foundation (NSF)-funded research center focused on financial services and financial technology.[1][2]
Education and career
Yang holds a Ph.D. in systems and information engineering with a concentration in financial engineering from the University of Virginia. He joined Stevens Institute of Technology in 2012 and was promoted to associate professor in 2019.
Prior to his academic career at Stevens, Yang served as a consultant to the U.S. Commodity Futures Trading Commission (CFTC) and as a visiting academic scholar in the U.S. Securities and Exchange Commission's Division of Economic and Risk Analysis (DERA).[3]
He serves as associate editor of the European Journal of Finance and has served as guest editor of Quantitative Finance.[3]
CRAFT Center
Yang led the grant proposal for and serves as founding Director of CRAFT, established in 2021 through a joint NSF award to Stevens and Rensselaer Polytechnic Institute (RPI).[1] The center operates under the NSF's Industry-University Cooperative Research Center (IUCRC) model, in which industry members fund research projects voted on by an advisory board.[2] Yang has described CRAFT as "the only one focusing on financial services and financial technology" among NSF-funded centers.[4]
Industry members of CRAFT have included Goldman Sachs, Bank of America, and Vanguard.[4] In 2023, Kennedys, a UK-based law firm, became the first law firm to join the center.[5] In 2025, Prudential Financial joined the center's industry board with a stated focus on insurance technology, quantum computing, and artificial intelligence.[6]
References
- ↑ 1.0 1.1 "Rensselaer Polytechnic Institute and Stevens Institute of Technology To Establish First-Ever NSF-Backed Fintech Research Center". RPI News. July 8, 2021. Retrieved 2025-04-01.
- ↑ 2.0 2.1 "Stevens collaborates with RPI on an NSF-funded research center". The Stute. September 17, 2021. Retrieved 2025-04-01.
- ↑ 3.0 3.1 "CRAFT Leadership and Faculty". Rensselaer Polytechnic Institute. Retrieved 2025-04-01.
- ↑ 4.0 4.1 Sears, Steve (June 1, 2023). "Stevens Institute of Technology Moves Forward with FinTech Initiative". NJ Tech Weekly. Retrieved 2025-04-01.
- ↑ "Kennedys becomes first law firm to join prestigious US fintech research group". Kennedys Law. November 2, 2023. Retrieved 2025-04-01.
- ↑ "Prudential Fosters Advancement of Fintech Research by Joining CRAFT Industry Board" (Press release). Business Wire. May 7, 2025. Retrieved 2025-04-01.
External links
- Stevens Profile of Steve Y. Yang, Stevens Institute of Technology
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