top of page

2024

Transforming Uncertainty into Opportunity

UZH_InnovationHub_logo.png
Logo_N9_CMYK_negativ.png
UZH-logo.png

The RiskOn event on September 4h – 5th, 2024 brings together experienced risk professionals with experts and talents from Switzerlands leading universities to co-create innovative solutions in the realm of risk management.

Academic Partners

UZH-logo-white.png

Master of Science UZH ETH in Quantitative Finance

Participating Universities:
Università della Svizzera italiana 

Corporate Sponsors

JB_LA_RGB_Master_white.png
LGT_Logo_weiss_Kontur_10cm.gif
1280px-Pictet.svg.png
2023-SRA-Logo_Signet-name-13cm-whitetransparent-RGB.png

Strategic Partners

FIND Logo.png
InnovationenBooster-AI-Logo.png
EFD Logo White.png

Co-Create innovative solutions in 30h

Team up with other students, corporate partners, and industry experts to take part of the annual innovation challenge in risk management

1 Select Challenge

Select a challenge to tackle

2 Co-Create

In multiple ideation sessions you will adress problems faced by corporate partners and create a proof of concept / minimum viable product (MVP)

3 Win

Win cash prices and get the chance to bring your idea further into reality

POINT OF DEPARTURE

In an era marked by global crises and digital transformation, businesses and banks face heightened risks, underscoring the need for robust and resilient risk management.

RULES AND MEASURES

Effective risk management identifies, assesses, and mitigates risks, safeguarding interests, depositors' funds, and building trust across stakeholders in banking.

Purpose

RiskON, guided by the University of Zurich and key partners, aims to inspire groundbreaking solutions in the realm of risk management in Switzerland.

Challenges to tackle

What challenges speaks your interest?

Use of new technologies for risk events classification and analysis 

Financial institutions, as part of their risk frameworks, are required to capture, investigate/analyse and report on risk events (e.g., operational incidents). Given the volume of such events, their handling and analysis may be cumbersome and resource intensive.​

By choosing this challenge, you aim to explore ways to leverage on new technologies to facilitate the classification of risk events and their analysis.​

1

Fraud Risk Detection – How artificial intelligence can help?​

Fraud risk (external and internal) is currently among the top risks in the financial sector. Big data and the rapid development of artificial intelligence has (unfortunately) also contributing to that over the past few years. On the other hand, AI-methods can be efficiently used by banks for early detection of fraud risk. ​

By choosing this challenge, you aim to conceptualize a pragmatic approach for using AI methods and tools as part of a fraud risk detection tool. Focus should be put on a Private Banking business profile.

2

How can AI be leveraged to enable CRO employees to work more efficiently?​

Participants will choose one of the following CRO tasks to focus on during the two-day event:

  1. Completing counterparty due diligence questionnaires

  2. Enhancing the Anti-Money Laundering (AML) alert resolution process

  3. Streamlining, harmonizing, translating, and updating legal client forms using advanced analytics techniques (e.g., Large Language Models (LLMs), AI, Optical Character Recognition (OCR), and Natural Language Processing (NLP))

By choosing this challenge you aim to provide concrete proposals for improving/scaling/automating tasks performed by Chief Risk Officer (CRO) employees, when considering the associated risks, limitations and implementation cost. 

3

Enabling you to
accelerate your idea

If you win, your innovative solutions will receive funding and support to ensure practical implementation.
Within six months, you can achieve a Minimum Viable Product (MVP) or Proof of Concept (POC), showcasing the feasibility of your ideas.

You'll also have the opportunity to co-author articles and white papers with UZH professors, gaining access to cutting-edge research and enhancing your academic credentials.

 

This is your chance to establish yourself as an innovative young leader in risk management, gaining visibility and recognition in the industry. Shape the future of risk management and boost your professional profile. Join us and make a difference!

InnovationenBooster-AI-Logo.png

in collaboration with

Risk-On-2023-Bearbeitet_I6A0280.jpg

EMOTIONS

Awards

1st Place 
Innobooster Accelerator
CHF 1600.- 
Exposure to Key Contacts
Certificate of Completion
2nd
Place
CHF 800.- 
Exposure to Key Contacts
Certificate of Completion

Award Committee

  • Dr János Blum,  President of the Board, Swiss Risk Association

  • Eva Selamlar, Head Swiss Financial Innovation Desk – FIND / State Secretariat for International Finance (SIF)

  • Prof Dr Josef Teichmann, Professorship for Financial Mathematics, ETH Zurich  

  • Stephanie Wickihalder, Deputy Managing Director of the Liechtenstein Bankers Association, President of Swiss Fintech Innovations / SFTI 

  • Fabienne Wikler, Senior Manager Risk Consulting Financial Services, PwC Switzerland  

  • Daniel Zuberbühler, Member of the Board of Directors, Banca Popolare di Sondrio (Suisse)/ Former Vice Chairman FINMA

Two Days
 

Wednesday, 04.09.2024
Thursday, 05.09.2024
12:00 Welcome & Lunchbox
09:00 Start Second Day
13:00 Opening

Prof. Dr. Harald C. Gall
Dean of the Faculty of Business, Economics, and Informatics University of Zurich
13:30 Kickoff Challenges
15:00 Pitches
18:00 Apero Riche
19:00 Award Ceremony
20:00 Afterparty 
open end
bottom of page