Empty cheese shelves in Dutch supermarkets, an inaccessible advertisement planning system of RTL and inhabitants of Twente who cannot apply for care. What do these events have in common? All are the result of ransomware cybercrime attacks. Cybercrime in the Netherlands has increased by 127 percent in 2020 compared to the previous year. For 2021 […]

After a record-setting ten months of negotiation and formation talks, the new Dutch government was sworn in last Monday, 10th of January. The political parties VVD, D66, CDA, and CU have presented their coalition agreement. (Source: Coalitieakkoord) It sums up what they plan to work on and achieve in the coming 2021-2025 period. Unlike previous […]

EU AI regulation: Artificial intelligence provides us with many new and promising opportunities. But how do you know if your algorithms are ethical and trustworthy? The European Union is currently in the process of drafting legislation to regulate AI. In this video, we help you understand how EU regulations affect your algorithm. EU principles The EU has […]

IRB models using advanced Machine Learning methods, EBA opens the door with their new discussion paper. Read about entering this next era in IRB modelling. EBA recently published a discussion paper on Machine Learning (ML) for IRB (Internal Ratings-based) Models (EBA/DP/2021/04). The aim of the paper is to set the supervisory expectations on more sophisticated ML models and their adherence to […]

How to deal with ineffective detection of financial crime transactions and money laundering? In this insight experts explain our end-to-end approach to transaction monitoring and anti-money laundering. Key Takeaways Financial institutions invest heavily in resources and techniques to improve the detection of money laundering and financial crime transactions The task at hand remains challenging, even […]

Amsterdam Data Collective and the European Leadership University organised a round table discussion about how to create value with data science in the financial sector. Industry experts from ABN AMRO, De Volksbank, ING, Triodos and Credit Europe Bank shared their insights and experience with becoming data-driven.   “The road to improve an organisation’s ability to fully use data is often measured along with data maturity levels” Data Maturity Levels in Financial Services It turns out […]

At Amsterdam Data Collective (ADC) we realise the potential of data for a better future, using data science to make a positive impact. During the Collective Week 2021, we recentred, focused and put our values into the spotlight. Are ADC’ers still being brave, breaking down barriers, striving for solutions that are the best combination of […]

Amsterdam Data Collective (ADC) continues to expand its end-to-end data science capabilities in Financial Services. Detmer Koekoek recently joined ADC as an advisor to the Financial Services management team. Let’s meet him and discuss the key themes in financial services the coming years. First, can you tell a little about yourself? “I believe data and […]

Amsterdam Data Collective (ADC) starts investing in the development of decision support algorithms for precision dosing. Our first algorithm supports supplementation of levothyroxine in patients with auto-immune hypothyroidism (Hashimoto’s thyroiditis). We develop this model together with general practitioners of Radboud UMC. Why precision dosing? It has significant impact on patients, caregivers and healthcare expenditures and […]

In the last five years, Artificial Intelligence (AI) and Machine Learning (ML) has moved from being a proprietary tool of tech companies to an open-source platform available to all. Its expanded availability and recent popularity have naturally raised the question “can my business utilize this?”. A quick brainstorm can lead to numerous ideas, but as […]