RDC Welcomes New Strategic Advisory Board Member
Paul Compton, Emeritus Professor at UNSW joins RDC strategic advisory board.
SYDNEY, Australia | October 2020
Rich Data Corp (RDC) is excited to welcome Paul Compton to our strategic advisory board. Paul’s impressive career achievements in Artificial Intelligence research will provide expert guidance to RDC’s application of advanced AI innovations in credit risk.
Paul Compton is an Emeritus Professor at the University of New South Wales (UNSW). His career in Artificial Intelligence commenced at the Garvan Institute of Medical Research in the 1980’s, where he worked on one of the first medical expert systems to go into clinical use. Paul’s research has focused mainly on the incremental development and maintenance of knowledge-based systems while they are in use, an approach known as Ripple Down Rules (RDR), and consequently Paul is recognised as the ‘father of RDR’. His research has had significant industrial impact, with a number of companies having developed services based on RDR, including IBM. Paul was also the head of the School of Computer Science and Engineering at UNSW for 12 years and an elected member of the University Council.
Rich Data Corp has been working with Paul to apply the concept of Ripple Down Rules in the credit domain. RDR is an exciting way of approaching knowledge acquisition, enabling credit risk experts to transfer their knowledge and expertise to knowledge-based systems allowing ongoing AI model refinement and improved accuracy.
On the strategic advisory board Paul joins a group of highly respected experts across financial services, the retail industry, risk management, and human resources, including Bernie Brooks AM, Susan Kay and Andrew Carrilline. The board meets regularly to provide insights and recommendations to RDC as it continues to advance its products with the overarching aim to improve financial inclusion for consumers and small businesses.