Financial indicators of an individual firm may be in the form of time series, vectors, or even richer data, such as text or images. The purpose of this work is to explore and develop methods for dealing with such data, and in particular perform the clustering/classification of such data into similar groups. In the project […]

Artificial Intelligence (AI) has attracted significant attention in both industry and academia recently. On one hand, people are feeling excited about seeing the breakthroughs that AI has made. On the other hand, they are also worried that these advanced AI technologies will only be mastered by a very small number of organizations in the future. […]

Nuera has been acquiring customers and data for the past 3 years and is launching an internal initiative to mine the data to find insurance claims trends.  The objective of this initiative will consist of analysis and reporting on our data sets to find trends that lead to claims frequency and severity, in an effort […]

Canada’s financial services industry faces significant challenges to remain internationally competitive in the rapidly evolving web and big data environments. Scotiabank and its global competitors have as a key priority effective use of a large and growing amount of data to optimize the design and pricing of product offerings, to communicate effectively with clients, and […]

This project evaluates the impact of customer service on customer retention and churn. In the first phase, we build a statistical model to examine drivers of customer loyalty. In the second phase, we work with customer service to evaluate the effectiveness of new customer service strategies. This project will enable the company to better predict […]

Using mathematical models we draw verifiable conclusions from a rental-fleet dataset. These conclusions help rental-fleet operators increase revenue, decrease cost, or improve other aspects of their business. We not only identify what models to build, but also implement them using rental-fleet data. Some example questions that we help rental-fleet operations answer are: 1) what warranties […]

There are numerous financial goals that most Canadians face. Retirement, funding post high school education, managing debt, purchasing appropriate amounts of insurance and saving for lump sum purchases. Each of these goals has various accounts and savings vehicles associated with them. The research projects we are proposing will help Canadians define their own financial situation, […]

In this research we will identify current types of customer, taking into account people who prefer to use a variety of platforms and different preferences in terms of how actively they manage their money. . We will carry out focus groups and interpret the results of a survey in terms of their implications for a […]

Models used for Wildfire catastrophe insurance as of today are not considering substantial information, such as geographic information and environmental constraints. The objective of the project is to establish a theoretical framework and an empirical process to enhance Aviva Canada’s current Wildfire Economic Capital (EC) model, to be able to determine the amount of capital […]

This project aims to develop a dynamic financial computable general equilibrium model (CGE) with interaction between real and financial side of the world economy. It seeks to understand how monetary policy changes such as interest rate changes, QE measures, and exchange rate changes affect the real economy by applying the financial dynamic CGE model. This […]

Modular and offsite construction, where a module of project or complete house is manufactured in a factory, requires a large upfront capital (working capital) investment in order to procure materials in advance of manufacturing and to deliver modules on time and on schedule. Thus, modular fabricators need to receive deposit and progress payment before the […]

During the past two decades in Canada, use of electronic payment has steadily increased. However, despite the downward trend in the volume, the value of cheques has steadily increased, with the five-year average volume growth increasing by about 2% due in large part to their common presence in the business-to-business space. These trends indicate that […]