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SmartData Collective > Big Data > Data Mining > Open-source banking with R
Data MiningPredictive Analytics

Open-source banking with R

DavidMSmith
Last updated: 2009/03/27 at 3:16 PM
DavidMSmith
2 Min Read
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I’ve heard of R used for analysis within banks before, but these guys are taking it one step further: they are using R to run an entire bank. This isn’t any ordinary bank: from the manifesto it’s an “open-source bank” dedicated to funding open-source hardware projects. Wired describes it as a “peer-to-peer bank” where open-source hardware projects are funded using capital raised from other hardware geeks — and 70 lenders have already stepped up to the plate. Unfortunately the details on how R is actually used there are kinda slim. Perhaps someone in the know can fill us in? Website:…

I've heard of R used for analysis within banks before, but these guys are taking it one step further: they are using R to run an entire bank. This isn't any ordinary bank: from the manifesto it's an "open-source bank" dedicated to funding open-source hardware projects. Wired describes it as a "peer-to-peer bank" where open-source hardware projects are funded using capital raised from other hardware geeks — and 70 lenders have already stepped up to the plate.

Unfortunately the details on how R is actually used there are kinda slim.  Perhaps someone in the know can fill us in?

Website: Open Source Hardware Reserve Bank

DavidMSmith March 27, 2009 March 27, 2009
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