Graphs have a variety of distinct uses in data science. In this blog post we review various important graph types and sketch their linkages and relationships. The review provides an operational guide towards a better overall understanding of those powerful tools and potential uses in risk management
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We discuss three
core classes that capture the essence of lending operations from a
lenders point of view (Counterparty, Loan, Collateral). Next we explore
classes that capture events in the lending relationship lifecycle (which
we term NPL Scenarios).
We look into the main data types:
elementary data types, choice lists, arrays and unstructured text. We
close with discussing some more complex issues involving graph and
The course is useful to Developers, Data Scientists and Quantitative Risk Managers that want to work with the EBA NPL Templates. More details about the Course available here.
Earth Day was founded in 1970 as a day of education about environmental issues, and Earth Day 2021 occurs on Thursday, April 22 - the holiday's 51st anniversary. On Earth Day 2020, over 100 million people around the world observed the 50th anniversary in what is being referred to as the largest online mass mobilization in history. The Earth Day 2021 theme is Restore Our Earth.
Celebrating this special occasion, we are today releasing a new tool towards Sustainable Finance. Equinox is an open source platform that supports risk management and reporting of Project Finance. The platform integrates geospatial information with applicable regulatory and industry standards from EBA, PCAF and Equator Principles to provide a holistic view of the footprint of both individual projects and portfolios of project finance investments.
If you are interested to learn more about Equinox and sustainability in the context of Project Finance, the blog post explains more about the motivation and current functionality
The source code is as always in the usual place
The week of March 22 to 28 is Global Money Week. Global Money Week (GMW) in an international effort aimed at improving financial
literacy of young people. The ultimate goal of the Campaign is to
ensure that all children and youth have access to high-quality financial
education, they learn about money matters and are able to take smart
financial decisions that can improve their future financial resilience
and financial well-being.
Take care of yourself, take care of your money is the official theme of Global Money
Week 2021. Open Risk is happy to join the effort towards greater
financial literacy and the Open Risk Academy is one of our most
important tools in this direction.
What is money?
After thousands of years philosophers and economists still debate about
it and there are various theories of why it exists. Is it a puzzle? Try
this crossword puzzle to figure it all out!
Pi Day is celebrated every year on March 14th. The reason of course is that the day is denoted in some calendars as (3/14), which evokes of 3.14, the first three digits of “π”. A thin excuse maybe but sufficient for the true believers to join along!
The occasion represents an annual opportunity for mathematics and science enthusiasts to recite the infinite charms of Pi, including its irrationality, to talk to friends and family about math and its uses, and, when everything else fails, simply eat pie.
Marking this day is a regular feature also in the Open Risk calendar. Mathematics is of-course an essential element of Quantitative Risk Management but at a deeper level a rational, scientific, approach to managing risk would seem to be at least a necessary condition for sound risk management.
You can read the rest of the blog post in the usual place but its not just warnings about the risks of excessive risk quantification!
We took the opportunity to release on Pi Day a new image of the openNPL platfrom for managing loan portfolio data that is suitable to run on the... Raspberry Pi, the tiny but mighty hobbyist computer.
Those familiar with the RPi and Docker can go directly to our docker hub and fetch the ARM/v7 image