Project description
Innovative support and solutions for Big Data in Europe
Big data, artificial intelligence (AI) and Internet-of-Things (IoT) are essential in our data-driven environment – in all facets of daily life. However, many financial or insurance institutions still face difficulties using big data technology due to complicated regulations and the lack of testbed resources. The EU-funded INFINITECH project will undertake an innovative effort to boost regulatory compliance and enhance directed investments. Leaders in finance and ICT will aim to provide novel Big Data/IoT/AI technologies for managing and querying all kinds of data along with data governance capabilities. These disruptive tools will enhance innovations in business sectors and support nine novelty testbeds and sandboxes to offer open application programming interfaces (APIs).
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.
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Programme(s)
Funding Scheme
IA - Innovation actionCoordinator
20139 Milano
Italy
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Participants (57)
28037 Madrid
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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.
28760 Tres Cantos Madrid
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49527 Petach Tikva
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92602 Paris
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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.
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80807 Munchen
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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.
80807 Munchen
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20063 Cernusco Sul Naviglio Mi
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14564 Nea Kifisia
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00144 ROMA
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1200 Bruxelles / Brussel
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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NW1 3AN London
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20147 Milano
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29007 MALAGA
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10232 ATHINA
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34394 Istanbul
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1505 Ljubljana
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00144 Roma
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D02R126 Dublin
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151 24 MAROUSI
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
81675 Munchen
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
14129 Berlin
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
1010 Wien
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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.
81371 Munchen
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
18345 Moschato
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
28055 Madrid
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
75002 Paris
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1411 Copenhagen
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W2 4UA London
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
28223 POZUELO DE ALARCON MADRID
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
11632 Athina
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
1101 Lefkosia
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
8500-794 Portimao
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
7522 AH Enschede
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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71306 Irakleio
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
38122 Trento
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H91 Galway
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2829-516 Caparica
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34342 Istanbul
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1000 Ljubljana
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1700 Nicosia
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G12 8QQ Glasgow
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75116 Paris
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36400 Porrino Pontevedra
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36214 VIGO
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50674 Cologne
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
00186 Roma
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2002 Strovolos
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46002 Valencia
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551 33 THESSALONIKI
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
185 33 PIRAEUS
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D03R8P3 Dublin
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
MK14 5HE Milton Keynes
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
46002 Valencia
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46015 VALENCIA
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
D04 Dublin
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SE1 7QP London
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
20149 Milano
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