Risk Economics® has partnerships and affiliations with various entities in the public and private sector and academia including the following:
The Courant Institute of Mathematical Sciences, New York University
New York University’s Courant Institute of Mathematical Sciences is a leading center for research and education in mathematics and computer science. Founded by Richard Courant in 1935, for over seventy-five years, Courant has contributed to U.S. and international science and engineering by promoting an integrated view of mathematics and computation. The research activities are broad, covering many areas of mathematics and computer science, as well as the application of these disciplines to problems in the biological, physical, and social sciences. The recently founded RiskEcon® Lab for Decision Metrics (sponsored by Risk Economics, Inc.) is an integral part of the newly established Computational Economics and Algorithmic Data Analytics cooperative (CEcADA), and both are housed at the Courant Institute. Courant is also the home of the Center for Atmosphere-Ocean Science at New York University.
In order to facilitate the development of software as a service, analytics tools, and semantic libraries that employ high-dimensional datasets to integrate conventional data with web-enabled demographic, biometric, psychometric and socio-metric data from innovative sources, Risk Economics has established the Risk Economics® Lab for Decision Metrics at New York University’s Courant Institute. The RiskEcon® Lab applies a range of computational methods to analyze consumer and population-related societal trends.
Numerati™ is a privately-held data analytics investment and development consortium with a mission to curate the next generation of scalably data-intensive risk and liability management enterprises, by providing resources critical to accelerating the development of nascent leading-edge inferential surveillance, monitoring, and predictive analytics technologies for deployment in forensic domains of RiskTech, LitTech and FinTech (i.e. risk technology, litigation technology and financial technology).
A particularly critical resource available to Numerati-sponsored portfolio ventures is access to the world-class researchers and leading-edge resources available via the consortium (and its academic affiliates the RiskEcon® Lab network and CEcADA collaborative). Suitable and appropriate researchers and management advisors are key contributors to the identification and evaluation of potential investment opportunities, as well the development and commercialization strategies of Numerati ventures. Access to consortium resources and infrastructure via strategic public-private-academic-NGO partnerships enables Numerati ventures to engage capital-intensive and expertly-maintained infrastructure and capacity into their R&D and commercialization programs, without the substantial capital outlays that may otherwise be needed to acquire, operate, and maintain these resources themselves.
The FinTech Innovation Lab is a program in New York, London and Asia for entrepreneurs that are developing leading edge technologies for the financial services sector, particularly in the areas of big data and analytics, mobile and wireless, payments, risk management, security, and social media and collaboration technologies. Six early and growth-stage companies, that have a functioning beta version of their technology ready for testing in either the institutional or retail market, are selected annually through a competitive process by chief technology officers and senior technology executives from fifteen participating financial institutions. The selected companies are given the opportunity to develop, trial and prove their value proposition in a twelve week mentorship program. The program partners these companies with leading technology entrepreneurs and senior-level bank executives, who provide assistance in developing and refining their technologies and business strategies through a series of workshops, panel discussions, user-group sessions, networking opportunities, one-on-one meetings and presentations. The program culminates with a Demo Day presentation by all six participant companies to an audience of venture capitalists and financial industry executives.
The Journal of Risk Finance (JRF) provides a rigorous forum for the publication of theory and empirical work, by both academic and industry experts, related to the financing of risk in its various forms. With a long-standing focus on issues of market convergence, JRF is committed to research that addresses the creation of innovative products straddling the boundaries of financial engineering, traditional insurance/reinsurance, and alternative risk transfer, and the development of risk-financing mechanisms in economies throughout the world.