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Details of Grant 

EPSRC Reference: EP/L021250/2
Title: SCRIBE: Semantic Credit Risk Assessment of Business Ecosystems
Principal Investigator: Lycett, Professor M
Other Investigators:
Marriott, Dr JEC Moscone, Professor F de Cesare, Dr S
Researcher Co-Investigators:
Project Partners:
Creditsafe Business Solutions Limited Level Business Limited Lloyds Banking Group
Department: Sch of Management
Organisation: Royal Holloway, Univ of London
Scheme: Standard Research
Starts: 28 November 2016 Ends: 31 January 2018 Value (£): 194,648
EPSRC Research Topic Classifications:
Information & Knowledge Mgmt Networks & Distributed Systems
EPSRC Industrial Sector Classifications:
Financial Services Information Technologies
Related Grants:
Panel History:
Panel DatePanel NameOutcome
03 Dec 2013 NEM#2 Full Proposals Meeting Announced
Summary on Grant Application Form
This proposal addresses the Digital Economy and Financial Services research challenge by improving Small and Medium Enterprises' (SMEs) access to credit. The issue is that information in and around credit decision-making is generally limited to company and individual track record. It ignores the position and importance of a company in its business ecosystem. Credit lending decisions by finance providers therefore have unseen network effects and limit growth in unseen ways.

To address this issue, SCRIBE uses emerging semantic technologies to provide disruptive innovation in the form of more accurate real-time credit risk assessment based on a dynamic understanding of the position and value of a company in relation to its business ecosystem (or network). The scientific contributions of SCRIBE are twofold. First, the project fuses the state-of-the-art in (social) network analytics and credit assessment techniques to develop its ecosystem-based understanding (and associated marketing opportunities). Second, as technical foundation, the project develops a state-of-the-art method to 'harmonise' the different conceptual models that underlie data drawn from multiple sources, preserving contextual richness in so doing. Contextual preservation is important not only for network-based decision-making, but also for audit and the legal issues considered by the project since it is relatively well-acknowledged that conventional data modelling implicitly abstracts away important aspects of context.

The scientific contributions are developed and exploited via a collaborative partnership that combines understanding of credit risk and assessment at both the transaction-level (via open online accounting data and via collaboration with Lloyds) and firmographic-level (via collaboration with Creditsafe). Addressing the NEMODE ethos, the project maintains a focus on impact via the development of novel information products and applications (via collaboration with Level Business).

Key Findings
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Potential use in non-academic contexts
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