Data Science Hub
Financial institutions share large amounts of data with us. In supervision, we can make smarter and better use of all data they submit to us. The Data Science Hub helps us do so by supporting data science projects and activities. Projects we support include Dataloop, Biodiversity and Know Your Customer. Find out more about the Data Science Hub.
We do not share any personal data
We exchange large amounts of data with financial institutions. But we do not exchange all data, because we always look at the big picture. In our reports and analyses we use data on a financial institution’s turnover, profit or loss, and cost items. Suppose a bank provides us with information on the payment behaviour of its customers, this will not enable us to identify individual bank customers. Personal data will always remain confidential.
Dataloop
We have developed the Dataloop application to improve data quality in supervisory reporting. Dataloop does this by centralising and visualising data from different sources. It also offers several feedback loops, for example between analysts and machine learning tools. In addition, such loops will soon be available between DNB and financial institutions and other supervisory authorities. Dataloop achieves 20% efficiency gains in compiling statistics. Also, machine learning allows supervisors to detect new patterns, which enables them to focus their efforts.
Visualising biodiversity
Making our economy more sustainable is high on our agenda, We recently investigated biodiversity loss and its impact on the financial sector. In our Indebted to Nature study, we show how different sectors depend on biodiversity, using innovative visualisations.