ECB teams up with Reply for SupTech coding marathon

The European Central Bank (ECB) is teaming up with the Reply digital network to run a coding marathon focussed on the application of machine learning and artificial intelligence (AI) in supervisory functions.

The ‘supervisory data hackathon’, a 48-hour event later this month, will bring together more than 80 specialists from the ECB Reply’s network of companies to develop projects focussed on data quality, interlinkages in supervisory reporting and risk indicators.

The event has been established to help the ECB, Reply and further companies explore opportunities to gain deeper insights into the large amount of supervisory data gathered by the ECB from financial institutions through regular financial reporting for risk analysis.

Reply co-ordinates digital innovation projects across big data, cloud computing, digital communication, internet of things (IoT), mobile and social working.

Ahead of the event held in Frankfurt from 27-29 February, participants will submit proposals for projects with the most promising submissions worked on during the course of the marathon.

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