There’s a new sheriff in town for risk management: it’s transparency

Arnaud Schwartz
Marble
Published in
3 min readJan 31, 2024

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Until today, risk management was the paramount of closed software solutions. Under the seal of secrecy, the financial industry was wary of sharing its practices in the name of trade and efficiency protection. As a result, financial institutions had two options :

  • Build internally, with very significant costs for solutions that were quickly outpaced
  • Or buy a solution on the market, with opaque process and results

At Marble, we’ve been there, done that. We know the pain of building, the ache of choosing without really understanding what’s under the hood.

But no more.

We’re opening Marble core components as an open-source solution.

  • You don’t have to choose between build or buy any more : Out of the box, Marble is already an extraordinary flexible solution. But if something’s missing for your needs, you can put your team to work and contribute!
  • You don’t have to trust us on what’s happening: you can see under the hood
  • Start small, but don’t start from 0 : you can have, free of charge, one of the best user / event / transaction monitoring solutions on the market installed in minutes on your environment. Stop putting compliance and fraud as “later” on your roadmap.

Good risk management is no longer just banks

We are building a crazy flexible solution: have your own data model, own data format, and completely custom scenarios up and running quickly; it’s built-in!

We’ve doing the extra mile so you don’t have to, for a single reason : risk management is more than just credit institutions. Whether you operate a marketplace, provide employees benefits, manage a crowdfunding platform, or a telecommunication provider, you are under increased pressure from fraudsters and compliance alike. Marble is here to help to tackle those challenges by adapting to your business model, not the other way around.

Why is open source essential for better risk management?

The time of closed solutions is over. Fraudsters are getting better, faster.

Relying on solutions that are not community-driven means that you are either offering your insights to the provider or simply not leveraging the benefit of having a common goal with your industry.

There are infinite possibilities to fight fraud : better detection, more complex algorithms, better data… It’s really hard to tackle everything at the same time. Marble open source core let the community leverage risk management :

  • you found a great source of data you want to connect: you can do it.
  • You want to make a very complex calculation on a time series, and the operator is not yet available ? you can add it
  • You want to create a fully custom report for your local regulator : your data, your choice.

There are huge communities of fraudsters sharing tools. It’s time to build a fraud-fighting community to level up the game.

Check our GitHub and community slack for more infos

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Arnaud Schwartz
Marble
Editor for

Risk, payment and compliance. Co-founder @ Marble