If you’re Fintech addicted, look no further: Read here about a project that received funding from the European Union’s Horizon 2020 research and innovation programme
The project has received funding from the European Union’s Horizon 2020 research and innovation program under grant agreement No. 825215 to build explainable AI data-driven models that can measure and therefore, manage, the risks that emerge in banking and finance when digitally innovating.
The project is run by the Fintech Risk Management group – with 24 partners throughout the EU, coordinated by the University of Pavia Fintech laboratory, who want to forge fintech innovation into an entity capable of measuring and mitigating the generated risks, making it both trustworthy and sustainable.
What is going on in the FIN-TECH project?
The partners are facing an extremely important moment in the project timeline, being on the halfway of the duration of the project. A lot of work has been finalized with the national supervisors on different use cases related to risk management in bank and peer to peer lending. Therefore, achieving engagement, research collaborations and feedback from the different users.
The knowledge exchange platform is getting ready for hosting the material for the second part of the project that will focus on knowledge exchange sessions on artificial intelligence applications to finance, specifically for robo-advice services.
The coordination team is announcing important oncoming events such as: the participation at the Convergence, in Malaga the 12th of November: the first truly global blockchain conference, bringing together the worldwide blockchain community for an intense dialog with regulators, policy makers, industry influencers and members of the social impact community.
On the same week in Bucharest (Romania) a decisive event, a FinTech – HO2020 research workshop will take place the 15th at the Bucharest University of Economic Studies, going to break the seal for the second year of activities. Check out the agenda and register to participate in the audience. International speakers from Academia and institutions such as the IMF, ECB, EIOPA, etc.
A key issue in the project is the challenges that AI brings in the financial service industry in terms of trust and sustainability. Black box machine learning models seem like dinosaurs in this respect. We need interpretable model designs, new risk management approaches and technologies for model explanation and validation.
The EU FinTech – HO2020 project organises a workshop covering some of these topics with speakers from European Central Bank (Gilles Bouvier), European Banking Authority (Andreas Papaetis), European Banking Federation (Sébastien de Brouwer), Bain & Company (Sebastian Fritz-Morgenthal), KBC Bank & Verzekering (Dr. Barak Chizi) and Firamis GmbH. The workshop will take place on Nov 26th in Brussels and invites Bankers interested in Big Data Analytics and AI in the context of Risk Management and Regulation.
There is no registration fee as the project is funded by the EU, so if you are Fintech addicted, you know what to do.
Both workshops are open to anybody, upon registration.