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Institute for Finance, Banking and InsuranceRSS

Welcome to the Institute for Finance, Banking and Insurance.

Institute Management

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Current announcements and short-term changes can be found here.

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Here you can find an overview of our professors.

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Teaching

Here you will find information about the course offer.

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Research

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WU Awards 2025

The success of researchers at WU is demonstrated through high-quality publications and the acquisition of competitive third-party funding. In order to recognize the outstanding research achievements of WU employees, the university awards prizes and awards annually.

Numerous researchers from the Institute were honored by the Rector's Office for their dedication and research achievements over the past year. The institute's awarded achievements can be found further below and under WU Awards 2025.

Top publications in the WU Star Journal List

Outstanding Research Achievements

Acquisition of third-party-funding

News

Alexander Mürmann

Alexander Mürmann – Article accepted for publication in the Journal Management Science

Alexander Mürmann's article ‘The Dark Side of Liquid Bonds in Fire Sales’ has been accepted for publication in the journal Management Science. The co-authors are Christoph Scheuch (Humboldt University…

[Translate to English:] QFin

QFin students disprove centuries-old mathematical problem

When QFin alumni Sergey Yurkevich and Jakob Steininger spend their free time disproving the mathematical "Rupert" problem and publish their results, "A convex polyhedron without Rupert’s…

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WU Master Quantitative Finance reach top position in program ranking

The master program Quantitative Finance achieved excellent rankings in the current "QS Business Masters 2026 Rankings"

Review - WU matters. WU talks
„Artificial Banking“

On October 22, 2025, the Institute for Department of Finance, Accounting & Statistics hosted the event series “WU matters. WU talks”.

These public talks focus on the social and economic challenges of our times.

The discussion about „Artificial Banking – Will AI soon decide on my loan?“ opened with a talk from Kurt Hornik (Professor of Statistics and Computing, WU) followed by a talk fromKarin Turner-Hrdlicka (European Central Bank (ECB). Stefan Pichler chaired the event.

Topic: "Artificial Banking – Will AI soon decide on my loan?"

Dear AI, please give me that loan!

Artificial intelligence (AI) is revolutionizing entire industries and professional fields. The banking sector is all about numbers and figures, which lend themselves to computer processing. The banking industry is therefore particularly affected by the advance of AI: Algorithms can identify potentially problematic loans and reject applications for such loans. AI can also flag problematic banks to banking supervisors early on so that the banks can be wound down. But what about data protection? How much do AI systems really know? And do neural networks also make mistakes?

Discussion: 
  • Gerda Holzinger-Burgstaller, CEO, Erste Bank Österreich 

  • Kurt Hornik, Professor of Statistics and Computing, Department of Finance, Accounting and Statistics, WU Vienna 

  • Michael Höllerer, CEO, Raiffeisenlandesbank Niederösterreich-Wien 

  • Karin Turner-Hrdlicka, Director General, On-Site and Internal Model Inspections, European Central Bank (ECB)

Video on Wirtschaftsuniversität Wien - YouTube

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