REPLY: European Central Bank Explores the Possibilities of Machine Learning With a Coding Marathon Organised by Reply
The European Central Bank (ECB), in collaboration with Reply, leader in digital technology innovation, is organising the “Supervisory Data Hackathon”, a coding marathon focussing on the application of Machine Learning and Artificial Intelligence.
From 27 to 29 February 2020, at the ECB in Frankfurt, more than 80 participants from the ECB, Reply and further companies explore possibilities to gain deeper and faster insights into the large amount of supervisory data gathered by the ECB from financial institutions through regular financial reporting for risk analysis. The coding marathon provides a protected space to co-creatively develop new ideas and prototype solutions based on Artificial Intelligence within a short timeframe.
Ahead of the event, participants submit projects in the areas of data quality, interlinkages in supervisory reporting and risk indicators. The most promising submissions will be worked on for 48 hours during the event by the multidisciplinary teams composed of members from the ECB, Reply and other companies.
Reply has proven its Artificial Intelligence and Machine Learning capabilities with numerous projects in various industries and combines this technological expertise with in-depth knowledge of the financial services industry and its regulatory environment.
Coding marathons using the latest technologies are a substantial element in Reply’s toolset for sparking innovation through training and knowledge transfer internally and with clients and partners.
Reply [MTA, STAR: REY] specialises in the design and implementation of solutions based on new communication channels and digital media. As a network of highly specialised companies, Reply defines and develops business models enabled by the new models of big data, cloud computing, digital media and the internet of things. Reply delivers consulting, system integration and digital services to organisations across the telecom and media; industry and services; banking and insurance; and public sectors. www.reply.com
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