Service · App development

Custom econometrics app development.

A production-ready econometrics app that makes your R or Python models accessible to consultants, analysts and executives. Multi-user, validation flow and regulator reporting. No longer a loose Shiny prototype, but an environment you can roll out, sell or scale up internally.

R & PythonMulti-userAudit trailAI Act-ready

An econometrics app is not a Streamlit dashboard.

The models come from the minds of your quants: statistical time series, Bayesian priors, regression tree ensembles, sometimes reinforcement learning or agent-based models. But as soon as these models need to be used by someone who does not open an R prompt, the real problems begin: parameter validation, version control, authorisation per scenario, reproducibility of last month's run, and an audit trail that DNB or the AFM will accept.

We build econometrics apps for quant consultancies, policy and research institutes, insurers with an actuarial team, banks with PD/LGD/EAD models, pension funds with ALM questions, energy and utility companies, and advisory firms that deliver their scenario models white-label to clients. Not a clickable prototype that half does what it should, but a production environment that fits into your modelling, validation and governance workflow. For enterprise asset managers, we do not replace Domino Data Lab or Databricks; we build the specific links the platform does not cover, such as a client-facing model front end, a reporting engine for supervisors, or an API layer through which your own clients can consume the models.

The market below us — small research groups and individual consultants — relies on R Shiny, Streamlit or Dash. That works well for one researcher with one model. The market above us — large banks, Robeco, ASR — builds in-house on SAS, Domino or a bespoke JupyterHub stack. In between sits a group for whom Shiny is too limited and building from scratch is too expensive: mid-market quant consultancies, research institutes that want to open up their models more widely, and insurers or pension funds that want to take their actuarial tools to production-grade UX. That is our sweet spot.

In practical terms, we work for audiences such as quantitative consultancies that put R and Python models into production for clients; policy and research institutes in the style of CPB, NIBUD, RIVM or PBL that want to make their scenario models accessible to policy officers and stakeholders; insurers with an actuarial team working on Solvency II pillar calculations; banks that want to expose their PD, LGD and EAD models for IRB purposes; pension funds and implementing bodies facing asset-liability questions; energy and utility companies with demand and price forecasting models; advisory firms delivering impact assessments and scenario analyses; universities that want to make their research output self-service for partner institutions; B2B data providers that want to sell their models as a service; marketing and media agencies running media mix modelling; and sports analytics vendors working in the Hudl or Oodle context. Not every project calls for the same approach. An MMM platform for a media agency is a different beast from an ALM tool for a pension fund, but the underlying technology stack and governance challenges overlap considerably.

Three flavours of econometrics app.

It depends on who uses the model and what governance applies to it. We advise which variant fits during the first conversation. The value often lies in combining a production-grade UI, an API layer and a sound compliance overlay.

Compact project · fixed sprint budget

Model productionisation: R or Python script to app

Your quants have a model that works in a notebook or Shiny prototype, and you want to roll it out to internal users without them having to open RStudio. We take the script, refactor it into a clean module, build a React or Vue front end around it, and run the calculations in a cloud runtime. Includes parameter validation, scenario storage and exports to Excel or PDF.

FastAPI / PlumberScenario storageExcel / PDF exportCloud runtime
Mid-sized project · fixed sprint budget

Multi-user econometrics platform with validation workflow

For research teams and actuarial departments where several analysts work with the same models. Role-based access per scenario, model version management, a review workflow for who may publish models, and an audit trail that records every parameter change and every calculation. Suitable for IRB models, Solvency II pillar calculations or policy impact analyses where reproducibility is a hard requirement.

Model version controlReview workflowAudit trailMLflow integration
Larger project · fixed sprint budget

Model-as-a-product: API and white-label front end

For consultancies and data providers that do not just use their models internally but sell them to clients. A REST or gRPC API with OAuth authentication, tenant isolation and rate limits, plus a white-label front end per client with its own branding. Suitable for media mix modelling agencies, sports analytics vendors, or B2B data providers that want to offer their model output as SaaS.

REST & gRPC APIMulti-tenantWhite-label UIRate limiting

What you get at the end.

A production-ready econometrics app, plus the building blocks you need to manage, validate and further develop the models yourself.

  • The econometrics app itselfProduction and staging environment, running in your cloud (AWS, GCP or Azure), in your on-premise Kubernetes, or with us. Compute scales with scenario loads.
  • Codebase plus model runtimeFull source code for the frontend, the API layer and the model wrappers. Build instructions, Docker images and an architecture overview.
  • Model deployment pipelineA CI/CD pipeline that lets your quants push a new model version, have it tested automatically against back-tests and sanity checks, and roll it out to staging without us.
  • Audit trail and validation reportingEvery calculation, every parameter change and every model version is recorded. Exports for DNB, AFM, ECB or internal model validation committees.
  • End-user training and quant onboardingTwo sessions for key users plus a short video tutorial for end users. A separate handover for your quants on how to add new models.
  • Managed service contract (optional)Monitoring, backups, security patches, model drift alerting and ongoing development. A fixed monthly fee with different response time levels.

When a custom econometrics app is the right choice.

Four patterns in which we guide clients. If you recognise one of them, we are happy to talk further. Building bespoke is not always necessary; sometimes a well-built Shiny or Streamlit extension is enough, and we will tell you so.

Production UX

Shiny has become too limited

Your model has been running in a Shiny app for months, but the users are no longer just quants. Marketing, finance or the board want access too, and they drop off because of the interface, the loading times or the lack of mobile access. You need production-grade UX without giving up the R stack.

Governance

The regulator asks for an audit trail

DNB, AFM, ECB or an internal model risk department wants to demonstrably see which model version produced which outcome, when, and who changed what. A notebook and an Excel export are not enough. You need version control, change logs and reproducible runs.

Scale

One researcher became a team

What worked for one analyst on a local laptop does not scale to ten analysts running scenarios at the same time on enterprise datasets. You want multi-user access, shared scenario libraries and compute that scales with demand, without every quant managing their own JupyterHub instance.

Commercial

The model becomes the product

You are an advisory or consultancy firm and your model is your unique selling point. Clients pay for access. You then need a white-label frontend, tenant isolation, a clean REST API and an onboarding flow, not a separate Streamlit app per client.

Integration

Deep integration with your own systems

Your model pulls data from a data warehouse, writes results back into a transaction system, and triggers workflows in your CRM or risk engine. A standard Shiny app with a CSV upload cannot do that. You need an application that lives as a first-class citizen in your enterprise architecture.

AI-augmented

An LLM on top of the model

You want end users to be able to talk to the model: asking for an explanation of an outcome, getting anomalies summarised, or generating alternative scenarios through natural language. That calls for an LLM layer on top of your econometric core, with retrieval augmentation, prompt engineering and cost monitoring per query.

Not yet sure about a large project?

Test your idea first: a working prototype in 1 day

With OneDayBuild, we turn your idea into something tangible in one day for €1,150, so you can see whether further development is worth the investment. Decide to go ahead with the full build? Then we credit the full cost.

Explore OneDayBuild →

Tech stack and alternatives.

We choose the stack that suits your model, your team and your governance, not the other way round. A brief overview of what we typically use and when a commercial package is the more honest option.

Backend & modelling

Python, R and sometimes Julia side by side

Python with FastAPI or Django for the API layer, R with Plumber for R-native models, and Julia with Genie where performance demands it. For the models themselves: scikit-learn, statsmodels, PyTorch and TensorFlow in the Python world; base R with tidyverse and the mixed-modelling packages in the R world. Bayesian stacks via Stan or PyMC, time series with Prophet or statsmodels, and scenario simulations sometimes in a custom Monte Carlo engine.

FastAPI / Plumberscikit-learnPyTorchStan / PyMCProphet
Frontend, data & compute

React or Vue, with Plotly and Bokeh for the heavier visualisations

React or Vue for the production front end, with Plotly, Bokeh or D3.js for the model visualisations: interactive plots that show scenario output directly. Data sits in PostgreSQL for relational structures and ClickHouse for heavy analytical workloads, with Parquet or Arrow as the exchange format with the models. Compute runs on AWS Batch, Lambda or Cloud Run or, for longer-running models, on JupyterHub or Posit Workbench alongside the app.

React / VuePlotly / BokehPostgreSQL / ClickHouseAWS Batch / Cloud Run
Off-the-shelf alternatives

When Shiny, Tableau or Domino is a better fit

R Shiny, Streamlit, Dash or Voilà for internal tools where multi-user governance isn't required. Tableau or Power BI if you only need visualisations without modelling. Domino Data Lab or Databricks if you already run a large enterprise data science platform and don't want to replace the UI layer. SAS, IBM SPSS, Stata or EViews for classic econometric workflows. MATLAB for engineering quant work. We're honest when one of these alternatives is the better fit: your budget and your team matter more than our revenue.

R Shiny / StreamlitTableau / Power BIDomino / DatabricksSAS / EViews

How an engagement works.

1

Introduction and model walkthrough

A conversation to understand which model is central, who will use it, which data flows go in and out, and which compliance context applies. We often ask your quants to demonstrate the model live in their current tooling, whether Shiny, a notebook or a SAS script.

2

Planning and architecture

A workshop with your team plus interviews with three to five end users. At the end: a concrete scope, technology choices (FastAPI versus Plumber, React versus Vue, compute backend), the first screen flow and a data architecture. Includes a decision between building and extending Shiny where that is the more honest option.

3

Build in sprints with model validation

A working build every two weeks that you and your quants can test, as can end users. The model runs along in every sprint, so you can be certain the production output matches the notebook output, reproducible bit for bit. The first tier is ready after a few sprints.

4

Rollout, monitoring and ongoing development

Phased rollout to your user base, training sessions, and ongoing management of security, model drift detection and new model versions. Your quants can then push models through the pipeline themselves; we stay behind the scenes for the heavier refactors.

Frequently asked questions.

What clients usually want to know before we start.

What is the difference from R Shiny, Streamlit or Dash?
R Shiny, Streamlit and Dash are excellent for a single researcher with a single model. They struggle with multiple users, granular role management, production-grade mobile UX, and requirements around audit trails or version control. A custom econometrics app uses the same R or Python models via an API, but puts a React or Vue front end on top that can grow with you. For internal tooling where Shiny fits well, we'll say so: we don't push custom development where it isn't needed.
How is my existing R or Python model productionised?
We take the script, refactor it into a clean module with clear inputs and outputs, and wrap it in an API layer: FastAPI for Python, Plumber for R, or via reticulate if you need both. The model logic remains your quants' property; we handle parameter validation, error handling, logging and a runtime that scales. We safeguard reproducibility with dependency pinning (renv, Poetry, conda-lock) and containerisation. Your old notebook keeps working; the new app runs alongside it until you are satisfied.
Which MLOps tooling do you use?
Depending on your stack. MLflow for model tracking and version control is a standard choice; DVC for data versioning; Weights & Biases for experiment tracking. For model monitoring in production, we use Evidently or a lighter custom solution for drift detection. Pipelines run on GitHub Actions, GitLab CI or an in-house Jenkins, with deployment via Kubernetes, AWS Batch or Cloud Run. We prefer to build on your existing tooling rather than introduce yet another platform alongside it. For the pipeline side, have a look at our data engineering platform service.
What does the AI Act mean for our econometric models?
The AI Act classifies credit scoring, fraud detection and certain risk models as high-risk. These categories are subject to requirements around risk management, data governance, transparency, human oversight and logging. A well-built econometric application makes this achievable: model cards, audit trails, explainability components and version control are built in. For low-risk models (forecasting, media mix, ALM) the impact is far more limited, but documentation discipline saves effort later. We do not provide legal advice; for that, we work with your compliance team or an external party.
How do you handle DORA, Solvency II or IRB requirements?
DORA sets requirements for the operational resilience of financial institutions: incident management, third-party risk and testing. An econometric application that you host yourself and that we manage falls under that division of responsibilities. We provide an exit plan and security reporting, and help populate your DORA register. For Solvency II, we support Pillar 1 calculations and QRT output; for IRB, we build PD/LGD/EAD models with a validation workflow and challenger model comparisons. We do not carry out actuarial validation ourselves; that remains with your actuarial function or an external validator. For the broader financial context, see also our wealth management platform service.
What does a custom econometric application cost and how long does it take?
That depends on scope. Productionising a first model with a clean UI is a project of a few sprints; a multi-user platform with a validation workflow and audit trail is a project of several sprints; a model-as-a-product with a multi-tenant API and white-labelling is larger still. We work with fixed sprint budgets and a transparent scope per sprint, not open-ended hourly rates. In an initial conversation we provide an indicative price and sprint plan based on your model and the users you have in mind. For budgeting, you can also look at our wider enterprise software category.
Do you work alongside our data science team?
Almost always. Your quants remain the owners of the models; we build everything around them. We do pair programming in the first sprint so your team gets to know the codebase and its patterns. In the final sprint we hand over the pipeline in full: your quants then push new model versions themselves. For heavier refactors, performance work or new features, we often remain involved on a part-time basis. For real-time use cases, such as algorithmic trading or intraday risk, we refer you to our real-time analytics platform service.

Talk to us about your econometric application.

A no-obligation introductory call of half an hour. We listen to your models, your users and your governance context, ask pointed questions, and give you direction you can act on, even if that direction is "stay with Shiny".

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