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Promoting Financial Awareness and Stability

Objective

The need to advance financial capability and financial awareness among informed citizens and market participants was identified as a major target to achieve an improved social performance, better client protection and, ultimately, greater societal well-being. The new socio-economic landscape in the post-crisis world brought changes in the financial, labour and pension markets along with changes in the public finance decisions from the political sphere. Technological developments enable and enhance the availability of large volumes of information on themes relevant to financial decision making. However, the volume of information, the existence of often ad hoc sources, and the documented existence of cognitive limitations by individuals when it comes to the processing of big data plus widespread financial illiteracy found even within developed economies, including those of the EU point to the need for (a) specialized financial education toolkits available to the wider public (b) advanced crowd-sourcing tools to process financial data, extract and present collective knowledge, (c) advanced forecasting models exploiting the market sentiment to identify market trends and threats, (d) novel personalized recommendation systems to support financial decisions according to the user’s profile (financial literacy level, interests, demographic characteristics etc). Based on these requirements,
PROFIT will develop a platform built on Open Source components. The platform's functionalities will be pilot-tested in collaboration with the members of the European Federation of Ethical and Alternative Banks (FEBEA), an institution committed to responsible banking and finance. The outcomes of the project are expected to enable best practices that can be made available to the wide public in the European Union.

Coordinator

EEA SRO
Net EU contribution
€ 315 250,00
Address
Hattalova 12/b 12b
831 03 Bratislava
Slovakia

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Region
Slovensko Bratislavský kraj Bratislavský kraj
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 315 250,00

Participants (11)

ETHNIKO KENTRO EREVNAS KAI TECHNOLOGIKIS ANAPTYXIS
Greece
Net EU contribution
€ 281 875,00
Address
Charilaou Thermi Road 6 Km
57001 Thermi Thessaloniki

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Region
Θεσσαλονίκη Κεντρική Μακεδονία Βόρεια Ελλάδα
Activity type
Research Organisations
Other funding
€ 281 875,00
UNIVERSITY OF GLASGOW
United Kingdom
Net EU contribution
€ 261 655,00
Address
University Avenue
G12 8QQ Glasgow

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Region
West Central Scotland Glasgow City
Activity type
Higher or Secondary Education Establishments
Other funding
€ 261 655,00
DIMOKRITIO PANEPISTIMIO THRAKIS
Greece
Net EU contribution
€ 260 875,00
Address
Panepistimioupoli Rectorate Building
691 00 Komotini

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Region
Ροδόπη Aνατολική Μακεδονία Βόρεια Ελλάδα
Activity type
Higher or Secondary Education Establishments
Other funding
€ 260 875,00
SEMANTIC WEB COMPANY GMBH
Austria
Net EU contribution
€ 262 250,00
Address
Mariahilferstrasse 70/8
1070 Wien

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Wien Wien
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 262 250,00
FEDERATION EUROPEENNE DE FINANCES ET BANQUES ETHIQUES ET ALTERNATIVES
Belgium
Net EU contribution
€ 36 250,00
Address
Square Ambiorix 32
1000 Bruxelles

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Region
Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest Région de Bruxelles-Capitale/ Brussels Hoofdstedelijk Gewest Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad
Activity type
Other
Other funding
€ 36 250,00
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

CREDAL SC
Belgium
Net EU contribution
€ 45 000,00
Address
Rue D'alost 7
1000 Bruxelles

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest Région de Bruxelles-Capitale/ Brussels Hoofdstedelijk Gewest Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 45 000,00
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

ZADRUGA ZA ETICNO FINANCIRANJE
Croatia
Net EU contribution
€ 21 000,00
Address
Ilica 36
10000 Zagreb

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Region
Hrvatska Grad Zagreb Grad Zagreb
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 21 000,00
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

SYNETERISTIKI TRAPEZA KARDITSAS SYN.P E
Greece
Net EU contribution
€ 30 000,00
Address
Kolokotroni Kai Taliadourou 1
43100 Karditsa

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Καρδίτσα Θεσσαλία Κεντρική Ελλάδα
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 30 000,00
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

APS BANK LTD
Malta
Net EU contribution
€ 27 125,00
Address
Aps Centre Tower Street
BKR 4012 Birkirkara

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Region
Malta Malta Malta
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 27 125,00
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

SKLAD 05 - USTANOVA ZA DRUZBENE NALOZBE
Slovenia
Net EU contribution
€ 22 562,50
Address
Britof 469
Kranj

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Region
Slovenija Zahodna Slovenija Gorenjska
Activity type
Other
Other funding
€ 22 562,50
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

SEFEA HOLDING - SOCIETA' EUROPEA FINANZA ETICA ED ALTERNATIVA - SOCIETET COOPERATIVA
Italy
Net EU contribution
€ 35 625,00
Address
Piazza Alcide De Gasperi 42
35131 Padova Pd

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Region
Nord-Est Veneto Padova
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Other funding
€ 35 625,00