UCL IXN and Vesuvio Labs celebrate third successful year of industrial placement partnership

IXN Innovation (within UCL Computer Science) and Vesuvio Labs celebrate continuing into the third year of a successful partnership, which offers MSc Computational Finance students the opportunity to gain industry experience on independent, leading-edge research projects.

The Vesuvio labs partnership has been running for three years with up to 11 students per year and has also involved a number of other partners in the sphere of ML applied to Finance such as Naxxar Technology and Intellibonds. The partnership is part of the long-running UCL Industry Exchange Network (UCLIXN) programme and operates under ‘ IXN Innovation’. Over the last three years, students on placement have been developing ML algorithms and how they apply to real-world business problems.

Alan Abdullah Gulle, Project Manager and Lead Data Scientist @ Vesuvio Labs 2019

At Vesuvio Labs, MSc Computational Finance students engage directly with the real challenges facing today’s insurance industry. These postgraduate students work closely with Vesuvio Labs’ in-house data science team, developing machine learning and artificial intelligence algorithms, augmented by powerful analytics.

The resulting prototypes become exciting “add-ons” to form part of enterprise-grade production systems for Vesuvio Labs Insurance partners. Analytics integrated into AI are a specialty of Vesuvio Labs, who also have the experience to deploy and maintain ML in a scalable and elastic cloud infrastructure. Advanced technology like this, creates platforms that allow rational data-based business decisions to be made.

Leif Ollivierre, Founder & CEO of Naxxar adds:

The UCL Internship program is an extremely beneficial program for all stakeholders involved. The interns are exposed to the latest in technology innovation with the ability to apply their knowledge and skills to real-world cases. It was an absolute delight having six interns on board with Naxxar — Shipping Insurance tech. They were split into teams and worked on a variety of options for creating an advance shipping container scanning module using AI. The teams were able to demo their progress every week and a final demo at the end of the program. I am truly inspired by the depth of knowledge and insight that the interns displayed and their ability to find a vast array of technological solutions to the same problem. We are definitely looking forward to the next summer internship program. All aboard shipping and insurance 4.0.

Scott Richardson, Head of Advanced Technologies @ Vesuvio Labs 2019

Further valuable experience for students writing their dissertations, is data exploration. By observing and examining the data distribution and its historical pattern, Business Intelligence information can be gathered and refined. For example:

Alan Abdullah Gulle, Project Manager and Lead Data Scientist @ Vesuvio Labs 2019

UCL Computer Science and Vesuvio Labs look forward to building on this successful partnership and offering high-quality industrial experience to MSc Computational Finance students in years to come.

Kristian Feldborg, Founder and CEO of Vesuvio Labs adds: “we are delighted to work with these exceptionally talented postgraduate students from a globally renowned and highly respected university. And for a record third consecutive year. We believe that this collaboration with UCL is making a real difference to the application of AI and ML in today’s challenging and changing world of insurance.

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We were the first in England to welcome women to university education and that courageous attitude and disruptive spirit is still alive today. We are UCL.

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Vesuvio Labs is a Venture builder based in London for the Insurance and Finance sector, helping entrepreneurs by accelerating the process of turning their ideas into scalable products through our flexible, low-code software architecture.

In addition, we can connect entrepreneurs with investors, tax & legal advisors and to the wider tech ecosystem.

www.vesuvio.io |Follow @labsvesuvio on Twitter |Find Vesuvio Labs on Linkedin | Listen to the Digital Rocket Fuel podcast on Spotify | Sign up for our newsletter | #vesuviolabs

We would like to thank adviser Graham Ripley for his important contribution to this article.

Venture Builder with expertise in building enterprise-ready InsurTech and FinTech products led by @k_feldborg.