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ASE researchers receive AI4FinTech funding

24 March 2023

Amsterdam School of Economics (ASE) assistant professor Simon Trimborn (Quantitative Economics section) recently received funding from the University of Amsterdam’s AI4FinTech initiative for the ‘ESG regulation impact on financial stability’ research project. This project will be carried out in collaboration with ASE professors Cees Diks and Peter Boswijk.
Simon Trimborn

The grant will fund a PhD researcher who will be supervised by Trimborn and Debraj Roy from the UvA’s Faculty of Science. The team will receive additional support from Drona Kandhai, also from the Faculty of Science.

Central hub

AI4FinTech will work with various industry partners and institutions to explore a wide range of topics in the field of AI (Artificial Intelligence) as it relates to FinTech (Financial Technology). The project’s goal is to make the Metropolitan Region of Amsterdam (MRA) the central hub for Fintech in the Netherlands. An interdisciplinary approach to fintech is crucial to making this initiative successful.

Cross-faculty initiative

A cross-faculty PhD programme has been launched to facilitate this approach. Trimborn’s project focuses on the analysis of the driving factors behind ESG (Environmental Social Governance) ratings. This will lead to a clearer understanding of how companies are affected by ESG regulation. Machine learning techniques will be used to identify the underlying factors. These will be used as the basis for a basis for an agent-based model to investigate the effects on financial stability.

‘Any change in regulations can change the functioning of systems entirely. The goal of our research is to provide insights for decision-makers on how to mitigate financial stability risks arising from ESG regulation,’ says Trimborn. The project will soon issue a call for PhD applications. The ‘ESG regulation impact on financial stability’ project will run for 4 years.