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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.

INTRODUCTION TO STATISTICS, MACHINE LEARNING AND PROGRAMMING IN R WITH APPLICATION TO FINANCE

Join us in November for our online course. This workshop allow to learn the basics of statistics, how to count interval estimates, test statistical hypotheses, search for dependencies among variables using regression models and machine learning methods.

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 spring 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.

EBA LAUNCHES 2020 EU-WIDE STRESS TEST EXERCISE

The European Banking Authority (EBA) launched today (31/01/2020) the 2020 EU-wide stress test, the fifth exercise since its establishment, and released the macroeconomic scenarios. The adverse scenario follows for the first time a ‘lower for longer’ narrative, a recession coupled with low or negative interest rates for a prolonged period. The EU real GDP would decline by 4.3% cumulatively by 2022, resulting in the most severe scenario to date. The EBA expects to publish the results of the exercise by 31 July 2020.

EBA PUBLISHES 2020 EU-WIDE STRESS TEST METHODOLOGY AND DRAFT TEMPLATES

The European Banking Authority (EBA) published today (07/11/2019) the final methodology and draft templates for the 2020 EU-wide stress test along with the key milestones of the exercise. The methodology and templates cover all relevant risk areas and incorporate the feedback received during the discussion with the industry in the summer of 2019. The stress test exercise will be formally launched in January 2020 and the results published by 31 July 2020.

THE PACKAGE OF BANKING REFORMS 2019

On 16 April 2019 the European Parliament adopted the new package of banking reforms. This package is a milestone in the completion of the Banking Union, in the finalization of the post-crisis regulatory agenda, and in the implementation of international standards.

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.

CREDITAS BANK LAUNCHES THE FIRST CZECH MULTI-BANK APPLICATION

Creditas Bank launches Richee, the first Czech multi-bank application which combines the accounts of all banks.

WE SUPPORT CONNECTION WITH UNIVERSITIES BY LECTURING

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

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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