Andrey Afanasiev

Dr. Andrey Afanasiev serves as Associate Professor in the Department of Administration at the University of Nicosia, Cyprus, with his office located at Limassol University Campus (92, Agias Fylaxeos, 3025 Limassol). Holding dual doctoral qualifications in Mathematics and Finance, his academic career bridges quantitative theory and financial applications with continuous research output since the early 2000s.

His educational credentials include:

• PhD in Mathematics, Steklov Mathematical Institute (1993)
• Master's degree in Finance and Credit, Pacific State University of Economics
• PhD in Finance, Institute of Economics of the Russian Academy of Sciences (2003)
• MSc Financial Services Management

Dr. Afanasiev's research program centers on the digital transformation of finance, with particular emphasis on FinTech innovations and associated systemic risks. His scholarly work integrates corporate finance theory with practical risk modeling, extending to derivatives pricing, banking regulation, and stochastic finance applications including Black-Scholes framework adaptations. This multidisciplinary approach addresses critical vulnerabilities in modern financial infrastructure through both theoretical and policy-oriented investigations.

Publication analysis reveals a distinct evolution from foundational derivatives market research (2002-2004) focusing on Russian market development and Basel regulatory frameworks toward contemporary investigations of digital finance risks, culminating in his 2021 work on digital transformation risk monitoring as a financial crisis prevention mechanism. This trajectory demonstrates sustained engagement with finance's technological evolution while maintaining methodological rigor in risk assessment.