Meeting Tomorrow’s Challenges

CMCRC innovation is the responsibility of key academics from Australia’s leading universities (in the fields of finance, accounting, securities regulation and computer science), a central development team made up primarily of industry hardened programmers and relevant domain experts who turn ideas into software solutions and 50+ PhD researchers who conduct research and help maximise the value of our software and services to industry partners.

The aim of the research is to produce a commercial outcome with a “Public Benefit”. The CRC does not shy away from investing in ideas that have a high technical risk as long as they have the potential to make a profound difference.

CMCRC projects:

1. Market Quality Project: Focuses on developing objective measures to evaluate the impact of market design changes on market quality (both market efficiency and market integrity). 
2. Cross-Market Surveillance Project: Designed to empower parties that want to understand the consequences of not providing surveillance cross-market (both cross instrument and cross national boundaries).  
3. Health Insurance Business Intelligence Project: This project is concerned with detecting claims leakage (both errors and fraud) in the private health insurance, workers compensation and compulsory third party insurance industries.
4. General Insurance Project: The project has developed software (LORICA) to risk score claims in the general insurance industry. 
5. Investment Analytics Project: The objective is broadly concerned with the efficiency and integrity of the managed wealth creation business with an emphasis on superannuation funds. 
6. Text Analytics Project (also known as the Computable News Project): Concerns the structuring of unstructured data with the view to making better investment decisions. 
7. Expert Witness Project: This project seeks to systematise the process associated with the provision of expert witness services involving matters to do with prohibited trading behaviours (e.g. insider trading, market manipulation, Broker-client conflict and continuous disclosure breaches) in securities markets.
8. TrADeLab Project: This project has invented a trading simulator and developed a complete set of training programs to train users (in a realistic setting) on how to trade in securities markets.
9. The Accounting and Audit Surveillance Project: This project is designed to identify companies (public or private) that choose accounting policies to change their bottom line and audit process that are likely to have failed to pick up the problem on behalf of shareholders.
10. Corporate Governance Project: Focuses on research to assist in the development and understanding of corporate governance in Australia.
11. Prudential Surveillance Project: This projects is concerned with analysing systemic risk.
12. Special Projects: On Occasion the centre undertakes special projects in areas where it’s highly specialised skill set (finance, data mining, text mining and visualisation) and it’s IT infrastructure can be utilised.