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Tailored IoT & BigData Sandboxes and Testbeds for Smart, Autonomous and Personalized Services in the European Finance and Insurance Services Ecosystem

Objective

Despite rising investments on BigData, AI and IoT in finance/insurance, financial and insurance organisations are still facing many challenges (i.e. data “silos”, regulatory complexity, lack of testbed resources) in realizing the full potential of these technologies.
INFINITECH is a joint effort of global leaders in ICT and finance towards lowering the barriers for BigData/IoT/AI driven innovation, boosting regulatory compliance and stimulating additional investments. It will provide:
1)Novel BigData/IoT technologies for seamless management and querying of all types of data (e.g., OLAP/OLTP, structured/unstructured/semi-structured, data streaming & data at rest), interoperable data analytics, blockchain-based data sharing, real-time analytics, as well as libraries of advanced AI algorithms.
2)Regulatory tools incorporating various data governance capabilities (e.g. anonymization, eIDAS integration) and facilitating compliance to regulations (e.g., PSD2, 4AMLD, MIFiD II).
3)Nine novel and configurable testbeds & sandboxes, each one offering Open APIs and other resources for validating autonomous and personalized solutions, including a unique collection of data assets for finance/insurance.
The project’s results will be validated in the scope of 14 high impact pilots providing complete coverage of the sectors, including Know Your Customer (KYC), customer analytics, personalized portfolio management, credit risk assessment, preventive financial crime analysis, fraud anticipation, usage based insurance, agro-insurance and more. INFINITECH will establish a market platform that will provide access to the project’s solutions, along with a Virtualized Digital Innovation Hub (VDIH) that will support innovators (FinTech/InsuranceTech) in their BigData/AI/IoT endeavors. Based on their strong footprint in the European digital finance ecosystem, the partners will engage stakeholders from all EU-28 countries, making INFINITECH synonymous to disruptive BigData/AI innovation in the target sectors.
Leaflet | Map data © OpenStreetMap contributors, Credit: EC-GISCO, © EuroGeographics for the administrative boundaries

Coordinator

GFT ITALIA SRL

Address

Via Sile 18
20139 Milano

Italy

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 1 552 950

Participants (41)

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ATOS SPAIN SA

Spain

EU Contribution

€ 636 475

IBM ISRAEL - SCIENCE AND TECHNOLOGY LTD

Israel

EU Contribution

€ 576 012,50

FUJITSU TECHNOLOGY SOLUTIONS

France

EU Contribution

€ 491 050

HEWLETT PACKARD ITALIANA SRL

Italy

EU Contribution

€ 484 487,50

SINGULARLOGIC ANONYMI ETAIREIA PLIROFORIAKON SYSTIMATON KAI EFARMOGON PLIROFORIKIS

Greece

EU Contribution

€ 689 500

ENGINEERING - INGEGNERIA INFORMATICA SPA

Italy

EU Contribution

€ 380 625

INNOVATION SPRINT

Belgium

EU Contribution

€ 112 875

SANTANDER UK PLC

United Kingdom

EU Contribution

€ 798 586,25

SIA SPA

Italy

EU Contribution

€ 306 250

LIBERBANK SA

Spain

EU Contribution

€ 218 312,50

National Bank of Greece S.A.

Greece

EU Contribution

€ 253 575

AKTIF YATIRIM BANKASI AS

Turkey

EU Contribution

€ 248 500

BANKA SLOVENIJE

Slovenia

EU Contribution

€ 243 302,50

POSTE ITALIANE - SOCIETA PER AZIONI

Italy

EU Contribution

€ 265 125

BANKING & PAYMENTS FEDERATION IRELAND COMPANY LIMITED BY GUARANTEE

Ireland

EU Contribution

€ 348 250

DYNAMIS AE GENIKON ASFALEION

Greece

EU Contribution

€ 157 500

GENILLARD & CO GMBH

Germany

EU Contribution

€ 156 012,50

JRC CAPITAL MANAGEMENT CONSULTANCY & RESEARCH GMBH

Germany

EU Contribution

€ 303 187,50

PRIVE SERVICES EUROPE GMBH

Austria

EU Contribution

€ 331 625

CROWDPOLICY PSIFIAKES SYMMETOXIKESYPIRESIES IKE

Greece

EU Contribution

€ 314 125

WENALYZE

Spain

EU Contribution

€ 258 562,50

PARIS EUROPLACE

France

EU Contribution

€ 225 000

COPENHAGEN FINTECH

Denmark

EU Contribution

€ 202 500

REPORTBRAIN LIMITED

United Kingdom

EU Contribution

€ 384 125

LEANXCALE SL

Spain

EU Contribution

€ 518 875

GIOUMPITEK MELETI SCHEDIASMOS YLOPOIISI KAI POLISI ERGON PLIROFORIKIS ETAIREIA PERIORISMENIS EFTHYNIS

Greece

EU Contribution

€ 509 250

INNOV-ACTS LIMITED

Cyprus

EU Contribution

€ 301 875

UNPARALLEL INNOVATION LDA

Portugal

EU Contribution

€ 403 812,50

ROESSINGH RESEARCH AND DEVELOPMENT BV

Netherlands

EU Contribution

€ 198 187,50

CREVIS SPRL

Belgium

EU Contribution

€ 299 250

FONDAZIONE BRUNO KESSLER

Italy

EU Contribution

€ 318 750

NATIONAL UNIVERSITY OF IRELAND GALWAY

Ireland

EU Contribution

€ 622 500

UNINOVA-INSTITUTO DE DESENVOLVIMENTO DE NOVAS TECNOLOGIAS-ASSOCIACAO

Portugal

EU Contribution

€ 655 500

BOGAZICI UNIVERSITESI

Turkey

EU Contribution

€ 233 750

INSTITUT JOZEF STEFAN

Slovenia

EU Contribution

€ 270 750

EDEX - EDUCATIONAL EXCELLENCE CORPORATION LIMITED

Cyprus

EU Contribution

€ 196 529,38

UNIVERSITY OF GLASGOW

United Kingdom

EU Contribution

€ 333 750

ASSOCIATION O.R.T.

France

EU Contribution

€ 305 625

FUNDACION PARA LA PROMOCION DE LA INNOVACION, INVESTIGACION Y DESARROLLO TECNOLOGICO EN LA INDUSTRIA DE AUTOMOCION DE GALICIA

Spain

EU Contribution

€ 271 875

FUNDACION CENTRO TECNOLOXICO DE TELECOMUNICACIONS DE GALICIA

Spain

EU Contribution

€ 273 812,50

DWF GERMANY RECHTSANWALTSGESELLSCHAFT MBH

Germany

EU Contribution

€ 217 875

Project information

Grant agreement ID: 856632

Status

Ongoing project

  • Start date

    1 October 2019

  • End date

    31 December 2022

Funded under:

H2020-EU.2.1.1.

  • Overall budget:

    € 21 080 482,50

  • EU contribution

    € 15 870 480,63

Coordinated by:

GFT ITALIA SRL

Italy