Engineering: leader della Digital Transformation

Engineering Innovation in

Digital Finance

INFINITECH:
new technologies for a Digital Finance

Big Data, AI and IoT technologies for the innovation of the European Financial sector.

Approach & Solution

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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.
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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.

Engineering will lead the creation of one of the testbeds for the development of the project and will deliver a web-based framework to visualize the results of the algorithms produced within the project.

Moreover, INFINITECH will establish a platform for information sharing and a Virtualized Digital Innovation Hub (VDIH) for the innovators contributing to the project.

The project has received co-funding from the European Union's Horizon 2020 programme - Contract No. 856632

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