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We quantify, analyze and optimize business processes and bring competitive advantages. We understand your business better using modern machine learning and statistical analysis of your data. We do risk analysis, profit optimization, business scenarios evaluation, penetration and attrition rates analysis using wide possibilities hidden in the data.

WORLD MTB ORIENTEERING CHAMPIONSHIPS

Finland hosted the World Mountainbike Orienteering Championships in Kuortane on June 10 – 18, 2021 in which our colleague Kateřina Nováková participated. She finished 15th in the sprint, 17th in the middle distance and 5th in the relay. Congratulations!

IFRS 9 AND ITS BEHAVIOUR IN THE CYCLE

The new research paper of Oľga Pastiranová and Jiří Witzany investigates the procyclical behavior of IAS 39 and IFRS 9 provisioning rules during the economic cycle.

IFRS FOUNDATION TRUSTEES ANNOUNCE STRATEGIC DIRECTION AND FURTHER STEPS BASED ON FEEDBACK TO SUSTAINABILITY REPORTING CONSULTATION

The Trustees of the IFRS Foundation met 2-4 March 2021 to continue their analysis and discussions of the feedback received to their Consultation Paper on Sustainability Reporting (2020 Consultation).

INTERVIEW WITH ANDREA ENRIA, CHAIR OF THE SUPERVISORY BOARD OF THE ECB: CREDIT RISK NEEDS TO BE WATCHED CLOSELY

Banks are in a position to absorb losses and continue supporting the real economy through these difficult times, says Supervisory Board Chair Andrea Enria in the interview. But they must pay attention to credit risk as defaults are likely to increase once support measures are lifted.

EBA LAUNCHES 2021 EU-WIDE STRESS TEST EXERCISE

The European Banking Authority (EBA) launched the 2021 EU-wide stress test and released the macroeconomic scenarios. Following the postponement of the 2020 exercise, due to the COVID-19 pandemic, this year’s EU-wide stress test will provide valuable input for assessing the resilience of the European banking sector. Accordingly, the adverse scenario is based on a narrative of a prolonged COVID-19 scenario in a ‘lower for longer’ interest rate environment, in which negative confidence shocks would prolong the economic contraction. The EBA expects to publish the results of the exercise by 31 July 2021.

BIG DATA: DEFINITION, BENEFITS, CHALLENGES

Learn more about what big data is and what the benefits and challenges are for people, businesses and the environment.

DEAN’S AWARD FOR OUR COLLEAGUE

Our colleague Petra Tomanová has won Dean’s Award for the best publication in the category of Doctoral Student Paper. Winning publication Measuring users‘ color preferences in CRUD operations across the globe: a new Software Ergonomics Testing Platform (P. Tomanová, J. Hradil & V. Sklenák) presented ongoing results from the Software Ergonomics Research and one of its domains, Colors. The research has been founded at the Department of Information and Knowledge Engineering at the University of Economics, Prague, and supported by the Grant IGA 33/2018 .

UPCOMING WORKSHOPS

Looking for professional training organised directly in your office? You can choose your perfect day and time yourself. Just check our offer of events here.

DEFAULT GUIDELINES ISSUED BY EBA IN FORCE SINCE 2021

The guidelines EBA/GL/2016/07 provides the harmonized definition of default for banks and financial institutions. The guidelines cover the past due criterion, indications of unlikeliness to pay, external data applications, criteria for the return to a non-defaulted status and other areas. These regulatory requirements will be in force since January 1, 2021.

THE WINNER OF THE COMPETITION AT THE CONFERENCE ON MATHEMATICAL METHODS IN ECONOMICS IS OUR COLLEAGUE

Our colleague Petra Tomanová won 1st place for the best paper authored by PhD student in the competition at the International Conference on Mathematical Methods in Economics in 2020. The winning paper Robustness of Dynamic Score-Driven Models Utilizing the Generalized Gamma Distribution was supplemented by a practical example of a real project – simulation and optimization of business processes of an online shop.

STATISTICS AND MACHINE LEARNING ONLINE WORKSHOP FOR STUDENTS

We have organised a weekly online workshop during the pandemic. This project was intended for high school students to whom we offered help via these lectures. They have successfully mastered the basics of statistics, data analysis and machine learning in R over the course of 8 weeks. It was our pleasure to cooperate with them.

NEW WORKING PAPER ON MIGRATION MATRIX STRESS TESTING

A recently published working paper by Jiří Witzany describes and analyzes impacts of different rating migration matrix stress testing approaches to ICAAP and IFRS 9 calculations. For more details download the full paper from our research section.

WE SUPPORT CONNECTION WITH UNIVERSITIES BY LECTURING

Credit Risk, Financial Derivatives, Quantitative Investments – University of Economics
Sampling Theory, Data Exploration, Derivatives – Faculty of Mathematics and Physics, Charles University

Stay up to date with news and announcements from our experts. Register here.

RISK CONSULTING IN BANKING AND FINANCE

We realize projects in the area of credit, market, and operational risk management. Our rich experiences cover both modelling of risk components, optimization of credit approval and collection processes, and implementation of regulatory requirements to reflect needs and capabilities of banks and financial institutions.

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BIG WORLD, BIG DATA, STRONG ANALYSIS

Under the current fast development of quantifiable daily growing datasets there is enormous need for systematic analytical approach and tools covering both size and dynamics. Cloud computational power enables to use effectively AI, machine learning and statistical tools that were not possible five years ago. We bring modern and systematic way how to reveal significant improvements for your processes.

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PROFIT AND BUSINESS PROCESSES OPTIMIZATION

Many practical issues can be effectively handled by mathematical optimization, statistical and/or big data analyses, neural network models and other advanced methods. We offer our expert knowledge in the fields of applied mathematics, statistics and computer science.

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FROM SCRATCH TO AUTOMATED IT SOLUTIONS

Our Quantitative Approach is based on data organization, analysis and even final automated solutions. Composing bricks of data setup, analysis and IT architecture we can tune up our solution from quick win to overall systematic setups including software applications.

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IDEAS

We possess over 12 years of valuable experience. To see some interesting projects that we already completed or any general information about which services we offer to our clients, please click here.

RESEARCH

All of our employees have a strong academic background. Quantitative Consulting supports and occasionally finances the research of our employees. To search through our publications please click here.

CLIENTS

Our clients

  • Leading banks in the Czech Republic, Slovak Republic, Hungary, Slovenia and other countries
  • Leaders in consumer loan market in CR, SR, Russia and other countries
  • Power-producing leader in the Czech Republic
  • Leading publishing house in the Czech Republic
  • Universities and educational institutions

Implemented projects

  • Scoring models for all client segments
  • Credit methodology complex solutions
  • Basel II implementation support – PD, LGD, and CF models
  • Complex audits and validations of BASEL II and IFRS 9 methodologies
  • Audit and optimization of approval processes and fraud identifications
  • Credit derivatives optimization
  • Training and advisory activities