Particularly noteworthy: MACFIRE is already the sixth joint project of this kind since 2007. The cooperation between Wuppertal and Bratislava has established itself as a particularly stable and productive German-Slovak research network in the field of applied mathematics and financial modelling.

Current issues in financial mathematics

In terms of content, MACFIRE is dedicated to current issues in financial mathematics, such as the valuation of complex financial products, optimised investments and the management of financial risks. "Such issues play a central role in modern financial markets and require powerful mathematical models and efficient computer processes," explains project leader Prof Dr Matthias Ehrhardt. The project is investigating sophisticated mathematical equations and developing new numerical methods that enable more precise and faster calculations.

A particular focus is on promoting young scientists. There are plans for reciprocal research visits, jointly supervised theses and joint seminars and workshops. This will give young scientists international research experience at an early stage.

Key role in German-Slovak cooperation

An important innovation in the current project is the leadership of the Slovakian team by Dr Tatiana Kossaczká. She successfully defended her doctoral thesis at the University of Wuppertal in May 2024 and is now taking on a key role in German-Slovak cooperation. "Her career is an example of the lasting impact of the partnership between the two universities and underlines the success of the intensive scientific exchange between Wuppertal and Bratislava," says Matthias Ehrhardt.

With MACFIRE, the researchers involved not only want to gain new scientific insights, but also further strengthen long-term international cooperation. "The project is thus making an important contribution to cutting-edge research in Europe and to training the next generation of experts in financial mathematics," says Ehrhardt.