Video: New generation of software assesses risks of financial transactions
August 26, 2013
With the use of untapped computer power, the joint research center HIPERFIT will create far more advanced risk assessment systems for the financial sector. The Danish Council for Strategic Research has produced a video about HIPERFIT.
As a consequence of the financial crisis, national and international authorities have decided to tighten regulations on the financial sector. The banks’ ability to assess the risks of their transactions and pricing of their financial products must be strengthened.
HIPERFIT is cooperation between the University of Copenhagen and leading financial institutions in Denmark. With the new software the banks will be able to carry out simultaneous calculations faster, thereby increasing the capability of the system to produce more detailed analyses than have been seen thus far. The Danish Council for Strategic Research has supported the Centre with 4.2 million euro.
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