Project description
Advancing digital finance for a competitive European industry
A competitive European financial sector is crucial for modernising the European economy across industries and turning Europe into a global digital player. The MSCA-funded DIGITAL project aims to conduct research in five key areas within the domain of digital finance, focusing on creating a European financial data space, using AI in financial markets, developing explainable and fair AI-generated decisions, driving digital innovations with blockchain applications, and ensuring the sustainability of digital finance. The research results will be of interest to three leading European-wide research networks. The consortium comprises eight European universities, four international corporations, two SMEs, three research centres, and the European Central Bank.
Objective
A competitive European financial sector is vital for the modernisation of the European economy across sectors and to turn Europe into a global digital player. We have identified the five most pertinent areas within this domain: Towards a European financial data space; Artificial intelligence for financial markets; Towards explainable and fair AI-generated decisions; Driving digital innovations with Blockchain applications; Sustainability of Digital Finance.
For this purpose, we have gathered an internationally recognized network consisting of eight leading European Universities (WU Vienna, HU Berlin, University of Twente, Bucharest University of Economic Studies, Babes-Bolyai University, Bern Business School, Kaunas University of Technology and University of Naples), all ranked among the top 200 universities globally in their fields, four major international corporations (Deloitte, Swedbank, Intesa Sanpaolo and Raiffeisen Bank) with a significant R&D presence across Europe, two SMEs (Cardo AI and Royalton Partners) being some of the most innovative ones in their field, three large and internationally renowned research centres (ARC Greece, EIT Digital and Fraunhofer Institute Germany) and the European Central Bank, as one of the seven principal decision-making bodies of the European Union and the Euratom as well as one of the world's most important central banks.
The results of the research carried out within DIGITAL are of substantial interest to three leading European-wide research networks that our members either lead or serve on the management committee for: COST Action CA19130 (240 researchers across 39 European countries), ECMI and the European Consortium of Innovative Universities (13 European Universities). It is only through a network that incorporates the expertise of all distinct shapers of the financial industry, that we can see a comprehensive shift towards innovation and digitalization of a sector that is notoriously averse to change.
Fields of science
Keywords
Programme(s)
- HORIZON.1.2 - Marie Skłodowska-Curie Actions (MSCA) Main Programme
Coordinator
7522 NB Enschede
Netherlands
See on map
Participants (7)
1020 Wien
See on map
10117 Berlin
See on map
80138 Napoli
See on map
LT-44029 Kaunas
See on map
010374 Bucuresti
See on map
400084 Cluj Napoca
See on map
20122 MILAN
See on map
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
Partners (10)
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
1030 Wien
See on map
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
LT-03502 Vilnius
See on map
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
10121 Torino
See on map
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
20144 Milano
See on map
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
2449 Luxembourg
See on map
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
3012 Bern
See on map
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
151 25 Maroussi
See on map
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
1040 Bruxelles / Brussel
See on map
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
80686 Munchen
See on map
Partner organisations contribute to the implementation of the action, but do not sign the Grant Agreement.
60311 Frankfurt Am Main
See on map