Project information
A FINancial supervision and TECHnology compliance training programme
(FINTECH)
- Project Identification
- 825215
- Project Period
- 1/2019 - 6/2021
- Investor / Pogramme / Project type
-
European Union
- Horizon 2020
- Leadership in enabling and industrial technologies (LEIT) (Industrial Leadership)
- MU Faculty or unit
- Faculty of Economics and Administration
- Cooperating Organization
-
Zurich University of Applied Sci.
University of Tampere
Vienna University of Economics
University of Zagreb
Dublin City University
Humboldt-Universität zu Berlin
Universidad Complutense de Madrid
Université Paris 1 - Sorbonne
Uniwersytet Warszawski
University College London
University of Peloponnese
Institut Jožef Stefan
Universitatea din Bucuresti
Universita degli Studi di Pavia
- Responsible person Paolo Giudici
Instituto Superior de Ciencias Sociais e Polític
Politecnico di Milano
University of Luxembourg
Varna Free University "Chernorizets Hrabar"
While innovation in finance is not a new concept, the focus on technological innovations and its pace have increased significantly. Fintech solutions that make use of big data analytics, artificial intelligence and blockchain technologies are currently introduced at an unprecedented rate. These new technologies are changing the nature of the financial industry, creating many opportunities for fintechs to offer more inclusive access to financial services (European Commission, 2018). The advantages notwithstanding, fintech solutions leave the door open for many challenges such as cyber-attacks, underestimation of creditworthiness, potential for fraud, compliance concerns, consumer and investor protection issues and disrupted market integrity, which represent central points of interest for regulators and supervisory bodies.