Ellipse and the Data and Knowledge Platform
Ellipse is a prototype of an integrated regulatory data and analytics platform that combines both structured and unstructured sources of data that are relevant in real time and to current events. Advanced analytics are applied to those integrated data sources to provide supervisors with early warning indicators, analytics and prudential metrics. It is powered using the Data and Knowledge Platform (DKP), which is being developed by the Monetary Authority of Singapore.
The BIS Innovation Hub invites central banks and regulatory authorities to form a collaboration community where authorities can work together to further build the DKP platform and create new applications to serve common use cases and priorities. The Ellipse collaboration community will be an initial 12-month pilot programme that will enable participation, usage and contributions.
Interested authorities are invited to contact singapore.centre@bisih.org to find out how to get involved.
Project Ellipse explores how supervision could become insights based and data driven using an integrated regulatory data and analytics platform. If implemented, regulatory authorities, as the ultimate end users of the platform, would be able to digitally extract, query and analyse a large quantity of data from diverse sources. These data could then be relevant to current events in real time and visible via dashboards, informing them of early supervisory actions that may need to be taken.
Governance and contribution
The BIS Innovation Hub invites central banks and regulatory authorities to form a collaboration community where authorities can work together to further build the platform and create new applications to serve common use cases and priorities. The Ellipse collaboration community will operate in a private repository for an initial 12-month pilot programme and will make available the Data and Knowledge Platform in its repository for all community members. The community intends to enable participation, usage and contributions in much the same way as a fully open-source environment.
The BIS Innovation Hub and the Monetary Authority of Singapore
(The following members gave their consent to be disclosed)
- Bank Indonesia
- Central Bank of Malaysia
- Bank of Japan
- De Nederlandsche Bank
- Deutsche Bundesbank
- European Central Bank
- Swiss Financial Market Supervisory Authority FINMA