ECB runs AI coding marathon to get new insights into supervisory data

ECB runs AI coding marathon to get new insights into supervisory data

The European Central Bank (ECB) has teamed up with digital innovation outfit Reply to run a 48-hour coding marathon focused on the application of AI and machine learning.

Taking place in the last days of February at the ECB in Frankfurt, the supervisory data hackathon will gather more than 80 participants from the ECB, Reply and other firms.

Participants will use AI and machine learning to try to gain deeper and faster insights into the swathes of supervisory data gathered by the ECB from financial institutions through regular reporting for risk analysis.

Participants will submit projects in the areas of data quality, interlinkages in supervisory reporting and risk indicators ahead of the event. The most promising submissions will be worked on for 48 hours by the multidisciplinary teams.

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