Project description
Saving and investing safely with learning algorithms
How we manage our finances will change tremendously with the EU’s revised Payment Services Directive (PSD2) and the General Data Protection Regulation (GDPR). These changes also come from the advent of new technologies. Financial technologies such as fintech web or application tools that can fill a void left by banks provide us with new solutions easing management of our money digitally. The EU-funded GOIN project is developing a fintech savings and investment application that will enable us to save and safely invest money without knowledge of finances. Thanks to data-driven learning algorithms and the use of blockchain technology, users will secure or allocate their savings in a beneficial and secure way.
Objective
The financial sector is changing at great speed. New technologies and the entry into force of regulations such as PSD2 and the General Data Protection Regulation (GDPR) will bring about the biggest changes to the financial system in decades.
In this context, Goin has merged as the most awarded seed fintech startup, with a scalable and cutting-edge technology with data-driven Learning (High Performance Algorithm) and blockchain, to be used by Millennials in order to save and invest money without knowledge about finances.
Goin has tested this product in Spain with limited functionalities and has as internationalized to Italy in recent months. With this project, Goin hopes to scale-up this technology and expand it to other major European cities, to take advantage of the growth opportunity of the fintech sector, which expects a 20% annual growth in the upcoming years.
Fields of science
Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
08006 BARCELONA
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.