A-P01 · EVIDENCE · innovationGRA dossier · service level R0
GRAFinancial StabilityIn development
Innovation and practical technology

Technology and emerging practices

Technology relevant to financial stability, risk management and systemic risk and capital markets and investment: what it can do, the constraints it faces and its consequences for people and institutions.

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Publisher
The Global Risks Alliance
Field
Financial stability, Risk management and systemic risk, Capital markets and investment
Status
In development
Service level
R0: information and enquiries

Innovation pipeline

Financial stability · Stage gates

Gate review in 6 dGRA · Financial Stability

By readiness level

TRL 2 to 301
Macroprudential buffer…concept tested
TRL 4 to 502
System-wide stress testlab validation
Non-bank leverage studylab validation
TRL 6 to 701
Systemic risk dashboardpilot with owner
Adoption review01
Contagion network modelowner decides

Readiness criteria

pilot vs gate

Evidence of effect34 · req 70Safeguards94 · req 80Operating cost known54 · req 60Owner commitment41 · req 75

Pilot issues

  1. I-1Data licence for pilot siteTo check1 d
  2. I-2Observer protocol signedDone6 d

Financial Stability · Innovation pipelineInnovation pipeline, in outline: domain structure with placeholder names and illustrative values, not a record.

01In brief

The short answer.

Innovation at Financial Stability is the evaluation of technology relevant to financial stability: the need it addresses, the evidence behind it, its constraints and its consequences for safety, rights and the environment. Promising work can be built in Nexus Foundry and tested in Nexus Universe; nothing is called proven before test and review, and no product is endorsed.

02Canvas

Draft to published version.

Canvas · draft to published versionDesign, not a record
Technology and emerging practices: an innovation through readiness gatesAn idea is tested as a concept, validated in the lab, piloted with an owner under safeguards and reviewed for adoption; each gate asks for evidence of effect, safety and cost before the next stage. Design of the process, not a record of a run.

Fig.How a finding is reviewed before it is published. Design, not a record.

03Geography

Activity and exposure in Europe.

For technology and emerging practices, in GRA's spatial-finance reading, the map opens on population density and night lights with built-up and settlement extent from NASA GIBS, framed on Europe; 3 further NASA layers wait in the list.

The interactive map needs JavaScript; the layer list and sources are below.

Layers 2

Activity and exposure, for this page

Latest available

NASA GIBS / EOSDIS · ASTER GDEM (METI, NASA) · Blue Marble (NASA) · © OpenStreetMap contributors (ODbL) · Natural Earth

Loading the latest NASA imagery.

Drag to move. Ctrl or ⌘ and scroll, pinch or the buttons to zoom; hover for the values under the pointer; reset returns to the region.

For technology and emerging practices, in GRA's spatial-finance reading, the map opens on population density and night lights with built-up and settlement extent from NASA GIBS, framed on Europe; 3 further NASA layers wait in the list.Satellite and model products as NASA publishes them, each with its own date; indicators, not assessments of any place; claim ceiling INTEGRATED.

Data: NASA GIBS · ASTER GDEM · Blue Marble · © OpenStreetMap contributors · Natural Earth · GDACS · CIESIN/Columbia, NASA SEDAC HBASESources and licences

  • We acknowledge the use of imagery provided by services from NASA's Global Imagery Browse Services (GIBS), part of NASA's Earth Science Data and Information System (ESDIS). Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • We acknowledge the use of imagery provided by services from NASA's Global Imagery Browse Services (GIBS), part of NASA's Earth Science Data and Information System (ESDIS). Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • Center for International Earth Science Information Network (CIESIN), Columbia University. 2018. Gridded Population of the World, Version 4 (GPWv4): Population Density, Revision 11. NASA Socioeconomic Data and Applications Center (SEDAC). Licensed under CC BY 4.0. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). CC BY 4.0
  • VIIRS Black Marble night-time lights, NASA Goddard Space Flight Center; distributed by the NASA Level-1 and Atmosphere Archive and Distribution System (LAADS DAAC); imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • VIIRS near-real-time products (flood, land surface temperature, snow cover, corrected reflectance), NASA LANCE; imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • NASA Fire Information for Resource Management System (FIRMS), VIIRS 375 m active fire product, NASA LANCE; vector tiles via NASA GIBS. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • ASTER GDEM is a product of METI and NASA (ASTER Global Digital Elevation Model V003, NASA LP DAAC); imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • Made with Natural Earth. Free vector and raster map data @ naturalearthdata.com. Public domain
  • © OpenStreetMap contributors (ODbL), via NASA GIBS (coastlines, boundaries, roads and place names). Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). ODbL
  • Blue Marble, NASA Earth Observatory; imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • Context on the globe and flat map: coastlines, boundaries, roads and place names from NASA GIBS reference layers (OpenStreetMap data, ODbL, © OpenStreetMap contributors); Blue Marble imagery as an optional base; 3D terrain and the elevation read-out from the ASTER GDEM elevation colour index (5 m to 200 m classes, exaggerated for legibility). Boundaries are drawn as published and imply no position on any territory.
  • Globe: MapLibre GL JS 6.9.1, BSD-3-Clause, © MapLibre contributors.
  • Live: GDACS (EC JRC / UN OCHA) Events are indicative, not official warnings.
  • Context: CIESIN/Columbia, NASA SEDAC HBASE. Center for International Earth Science Information Network (CIESIN), Columbia University, and NASA Socioeconomic Data and Applications Center (SEDAC): Global Human Built-up And Settlement Extent (HBASE) 2010; Seto, Guneralp and Hutyra 2012, Global Grid of Probabilities of Urban Expansion to 2030; Global Urban Heat Island (UHI) Data Set, 2013.
  • Optional layers (5 sources in the layer list: live, forecast, observed and context) print their provider credit on the map and here when switched on; forecasts are model output and derived indices are estimates.

Layers and dates

  • Population density, 2020: Population: CIESIN, Columbia University, Gridded Population of the World v4.11 (2018), NASA SEDAC, CC BY 4.0 · static
  • Night-time lights, daily: VIIRS Black Marble (VNP46A2), NASA LAADS DAAC · 12 Oct 2026
  • Flood water, 3-day composite: VIIRS Global Flood Product, NASA LANCE · 14 Oct 2026
  • Active fires and thermal anomalies, last day: VIIRS NOAA-20 375 m (FIRMS), NASA LANCE FIRMS · 13 Oct 2026
  • Land surface temperature, day, 8-day composite: VIIRS NOAA-20 Level 3, 8-day, NASA LANCE · 14 Sep 2026

04Approach

Evaluate before adopting.

  1. 01

    Need

    Which problem does the technology address, and for whom?

  2. 02

    Evidence

    What has been demonstrated, under what conditions, and what remains untested?

  3. 03

    Constraints

    Cost, skills, infrastructure, data and governance requirements.

  4. 04

    Consequences

    Effects on safety, rights, equity and the environment.

05Emerging practice

What is changing in the Financial Stability field.

  • System-wide stress exercises across banks and nonbanks: studied by Financial Stability for its risk, not promoted.
  • Granular data from trade repositories: studied by Financial Stability for its risk, not promoted.
  • Agent-based market models: studied by Financial Stability for its risk, not promoted.

For each change, Financial Stability asks what new dependency, concentration or model risk it creates for macroprudential and stability analysts, and which of FSB, BIS and CGFS and NGFS has addressed it so far.

06Build and test

From idea to tested capability.

Promising work can be built in Nexus Foundry and tested under controlled conditions through Nexus Universe. No technology is described as proven before it has been tested and reviewed.

07Key terms

Terms used on this page.

Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.

TermDefinition
Technology readiness levelA scale from basic principles to proven operation that describes how mature a technology is.
Responsible innovationAnticipating and governing the effects of new technology together with society.
TestbedA controlled setting, from a lab rig to a field site or sandbox, for trying a technology before it meets real conditions of use.
ResolutionThe restructuring or orderly wind-down of a failing financial firm by an authority, outside normal insolvency.
08Sources

Where this page's references lead.

The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.

09Questions

Questions and answers.

Does the platform endorse products?
No. It evaluates technologies and publishes what it finds, with limits. It does not endorse, certify or recommend products or vendors.
Related

Around Financial Stability.

Financial Stability

Bring your expertise to this field.

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