Now Open: Center for Big Data in Finance

The official opening of Center for Big Data in Finance (BIGFI) took place on January 1, 2023. BIGFI is a Center of Exellence funded by the Danish National Research Foundation (DNRF) for a 6-year period with the option of a 4-year extension.

BIGFI seeks to generate a fundamentally new understanding of finance based on the rapid increase in available data combined with the revolution in data science and computing power.  The center has a unique opportunity to leverage the synergies of combining leading experts on financial markets with leading experts on economic agents (households and financial institutions) using the broadest data (global market data across asset classes) and the deepest data (complete Danish register data, regulatory data, and proprietary data from two major financial institutions) available anywhere in the world. These synergies are strengthened by the ability to merge the enormous agent-based and market-based data sets.

Using these unique datasets and the unique integration of research capabilities across markets and agents, we intend to create a global hub for research on big data in finance. Our big finance data research will shed new light on financial markets’ role in promoting stability and economic activity, replication crises in finance, the role of financial markets in the green transition, the role of machine learning in finance, households’ obstacles for financial security, and how social networks affect financial markets.

The Center is managed by Center Director Lasse Heje Pedersen, and the center currently counts 7 Professors, 4 Assistant Professors and 6 PhD students. In addition, there are 2 external professors associated with BIGFI. The Center Coordinator is Ida Listh. BIGFI is embedded in the Department of Finance at Copenhagen Business School.

BIGFI’s website is being updated and you can already now find information about the center, its members, upcoming events and more. We will have an opening event on March 2, 2023 at CBS. For more information about this event and others, please visit our website here and sign up for our mailing list here.