Engineering Innovation in
Digital Finance
Big Data, AI and IoT technologies for the innovation of the European Financial sector.
Approach & Solution
Approach
Despite rising investments on Big Data, AI and IoT for finance and insurance sectors, organizations are still facing many challenges in realizing the full potential of these technologies, such as the existence of data “silos”, regulatory complexity, lack of effective testbed resources.
For this reason INFINITECH was born: a joint effort of global leaders working in ICT and Finance sectors, aimed at creating new solutions based on Big Data, IoT and AI, boosting regulatory compliance and stimulating new investments.
The project’s results will be validated in the scope of 14 high impact pilots on different fields: KYC (Know Your Customer), customer analytics, personalized portfolio management, credit risk assessment, preventive financial crime analysis, fraud anticipation, usage based insurance and more.
Solution
INFINITECH aims at providing:
- Innovative Big Data and IoT technologies for seamless management of interoperable data analytics, blockchain-based data sharing, real-time analytics, as well as libraries of advanced AI algorithms
- Regulatory tools incorporating data governance capabilities (e.g. anonymization, eIDAS integration) and facilitating compliance to regulations
- Nine new and configurable testbeds & sandboxes, each one offering Open APIs
- A unique collection of data assets for finance/insurance.
Results
Flexible integration of Big Data, AI and IoT in financial organizations
Lower barriers and risks for investments on new technologies
Improved products and services based on Big Data & IoT
Project value
Innovation
Enabling Technologies
AI & Advanced Analytics IoT Blockchain
Engineering proprietary products & other technologies
Knowage
Project Team
Research & Innovation