During period 1 (M1-M18), in WP1 several coordination activities were executed led by the Project Coordinator together with the partners involved in the Technical and Scientific Management of the project. The activities performed by the partners followed a planned project roadmap with the objective of achieving technical and non-technical results. The activities have been constantly monitored by periodic calls involving the WP leaders, Plenary Meetings, and e-mail exchanges. The completion of semestral technical and administrative internal reports by each single partner has supported the monitoring activity.
In WP3 During the first reporting period (M2-M18), the initial version of the Authentication and Authorization Infrastructure (AAI) was developed using i3-Market technologies. This version mapped its functionalities to the technical requirements identified in Task T2.1 and documented in Deliverable D2.1. The first version was detailed in Deliverable D3.1 and used in the first integrated demo. However, a limitation of this version was that it only offered a desktop identity wallet for storing verifiable credentials. To enhance user convenience, partners conducted research and discussions, concluding that a mobile wallet was needed to allow users to scan QR codes easily. Based on this research, the partners designed the architecture for the second version, which incorporates OID4VCI and OID4VP standards.
During the first 18 months, FAME achieved significant progress across all project objectives, including:
• Stakeholder Requirements: Specification of business and regulatory requirements driving project developments.
• Reference Architecture: Development of a reference architecture (FAME-RA) for the digital finance and insurance sectors, aligning with the Data Spaces DSSC reference model.
• Data Management Systems: Implementation of unified data management systems for digital finance, covering transactional, analytical, structured, unstructured, semi-structured, streaming, and at-rest data.
• Federated Data Assets Catalogue (FDAC): Creation of a federated catalogue for integrated data management.
• Regulatory Compliance Tools: Development of tools to enhance regulatory compliance, including anonymization and onboarding tools.
• Semantic Interoperability Framework: Creation of a framework leveraging standard ontologies and graph analytics for the financial sector.
• Blockchain Technologies : Implementation of blockchain technologies for secure data trading.
• Data Analytics: Development of frameworks for data preprocessing, preparation, and incremental analytics in digital finance.
• ML Algorithm Library: Creation of a comprehensive library of Machine Learning algorithms for digital finance applications.
• Testbeds and Sandboxes: Setup of testbeds and sandboxes for hosting FAME developments, including shared environments for consortium FinTech enterprises.
• Pilot Systems: Implementation and initial validation of seven pilot systems covering various finance and insurance applications, such as risk assessment, AML, fraud detection, personalized asset management, and more. Demonstrators were presented to stakeholders for feedback.
• FAME Marketplace: Development of the FAME marketplace, which hosts packaged and reusable assets, with several assets already accessible.
