A FINancial supervision and TECHnology compliance training programme

Objective

"Financial Technology (Fin Tech) means ""Technology enabled financial innovations"". There is a strong need to improve the competitiveness of the European Fin Tech sector, creating a common regulatory field across all countries which, while encouraging innovations in Big Data analytics, Artificial Intelligence, and Blockchain technologies, can correctly measure their risks. Europe is a broad mosaic of regulatory landscapes. Policy makers and regulators must move quickly to establish a new regulatory framework for emerging fintechs, without stifling their economic potential.

The FIN-TECH project, under the EU's Horizon2020 funding scheme, aims to create a European training programme, aimed at providing shared risk management solutions that automatize compliance of Fintech companies (RegTech) and, at the same time, increases the efficiency of supervisory activities (SupTech). In other words, we aim at connecting FINancial supervision with TECHnological compliance, from which the acronym of the project: FIN-TECH.

The project programme will be built jointly by 24 university and fntech partners that are established experts in fintech risk management, that will share knowledge with with regulators, supervisors and fintech associations and hubs from all 28 European Union countries, plus Switzerland.

The goals of the project will be achieved through research activity in risk management models for Big data analytics, AI and Blockchain applications to finance, discussed in three different research workshops; two levels of knowledge exchange sessions: a training level, run at the location of the involved supervisor in each of the 29 countries, to achieve uniformity across Europe; a coding level, centralised at the location of six different fintech hubs. The project will be simultaneously disseminated and validated through a dedicated web site, social network activity, users feedback and validation by established bank, insurance and investment funds.

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Field of science

/natural sciences/computer and information sciences/artificial intelligence
/natural sciences/computer and information sciences/data science/big data
/social sciences/sociology/governance/crisis management

Funding Scheme

CSA - Coordination and support action

Coordinator

UNIVERSITA DEGLI STUDI DI PAVIA

Address

Strada Nuova 65
27100 Pavia
Italy

Activity type

Higher or Secondary Education Establishments

EU contribution

€ 450 000

Objective

Field of science

Programme(s)

Topic(s)

Call for proposal

Funding Scheme

Coordinator

Participants (23)

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