Announcing Freerisk

Last week, Toby Segaran and I announced our new project Freerisk at the O'Reilly Etech conference, in a talk entitled "I Just Don't Trust You: How the Tech Community Can Reinvent Risk Ratings".

In a nutshell, we're building a semantic database for all credit risk related data that we can find, and offering an API for others to implement their own credit risk calculators and publish these ratings back into the system.

This will allow investors to collect a diverse set of credit ratings and select the ones most relevant to them, make it easier for experimenters to create new risk metrics, and avoids a number of the payment for service problems in the current credit rating industry.

There's more to come, and I'll share those announcements here.

For now, here's our talk at Etech

For those of you that understand the current problems in the credit rating industry, you may want to skip forward to about the half-way point where we present the solution.