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INFINITECH SIGNED

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

Total Cost €

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EC-Contrib. €

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Partnership

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 INFINITECH project word cloud

Explore the words cloud of the INFINITECH project. It provides you a very rough idea of what is the project "INFINITECH" about.

incorporating    leaders    personalized    eidas    algorithms    digital    realizing    rest    investments    footprint    boosting    sectors    time    regulatory    endeavors    anonymization    technologies    barriers    compliance    semi    nine    lack    insurancetech    despite    vdih    streaming    effort    integration    disruptive    unstructured    28    full    libraries    solutions    insurance    blockchain    lowering    additional    olap    types    engage    synonymous    global    countries    testbeds    silos    pilots    complexity    4amld    crime    assets    financial    anticipation    preventive    structured    psd2    interoperable    sandboxes    autonomous    hub    infinitech    virtualized    risk    customer    mifid    market    ecosystem    portfolio    fraud    innovators    sharing    rising    ict    seamless    iot    querying    validated    oltp    stimulating    credit    finance    governance    validating    innovation    ai    coverage    agro    configurable    regulations    collection    joint    bigdata    apis    scope    14    platform    kyc    analytics    tools    stakeholders    fintech    complete    testbed    data   

Project "INFINITECH" data sheet

The following table provides information about the project.

Coordinator
GFT ITALIA SRL 

Organization address
address: VIA SILE 18
city: MILANO
postcode: 20139
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Italy [IT]
 Total cost 21˙080˙482 €
 EC max contribution 15˙870˙480 € (75%)
 Programme 1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
 Code Call H2020-ICT-2018-3
 Funding Scheme IA
 Starting year 2019
 Duration (year-month-day) from 2019-10-01   to  2022-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    GFT ITALIA SRL IT (MILANO) coordinator 1˙552˙950.00
2    SANTANDER UK PLC UK (LONDON) participant 798˙586.00
3    SINGULARLOGIC ANONYMI ETAIREIA PLIROFORIAKON SYSTIMATON KAI EFARMOGON PLIROFORIKIS EL (NEA KIFISIA) participant 689˙500.00
4    UNINOVA-INSTITUTO DE DESENVOLVIMENTO DE NOVAS TECNOLOGIAS-ASSOCIACAO PT (CAPARICA) participant 655˙500.00
5    ATOS SPAIN SA ES (MADRID) participant 636˙475.00
6    NATIONAL UNIVERSITY OF IRELAND GALWAY IE (Galway) participant 622˙500.00
7    IBM ISRAEL - SCIENCE AND TECHNOLOGY LTD IL (PETACH TIKVA) participant 576˙012.00
8    LEANXCALE SL ES (BRUNETE MADRID) participant 518˙875.00
9    GIOUMPITEK MELETI SCHEDIASMOS YLOPOIISI KAI POLISI ERGON PLIROFORIKIS ETAIREIA PERIORISMENIS EFTHYNIS EL (ATHINA) participant 509˙250.00
10    FUJITSU TECHNOLOGY SOLUTIONS FR (ASNIERES-SUR-SEINE) participant 491˙050.00
11    HEWLETT PACKARD ITALIANA SRL IT (CERNUSCO SUL NAVIGLIO MI) participant 484˙487.00
12    UNPARALLEL INNOVATION LDA PT (PORTIMAO) participant 403˙812.00
13    REPORTBRAIN LIMITED UK (LONDON) participant 384˙125.00
14    ENGINEERING - INGEGNERIA INFORMATICA SPA IT (ROMA) participant 380˙625.00
15    BANKING & PAYMENTS FEDERATION IRELAND COMPANY LIMITED BY GUARANTEE IE (Dublin) participant 348˙250.00
16    UNIVERSITY OF GLASGOW UK (GLASGOW) participant 333˙750.00
17    PRIVE SERVICES EUROPE GMBH AT (WIEN) participant 331˙625.00
18    FONDAZIONE BRUNO KESSLER IT (TRENTO) participant 318˙750.00
19    CROWDPOLICY PSIFIAKES SYMMETOXIKESYPIRESIES IKE EL (MOSCHATO) participant 314˙125.00
20    SIA SPA IT (MILANO) participant 306˙250.00
21    ASSOCIATION O.R.T. FR (PARIS) participant 305˙625.00
22    JRC CAPITAL MANAGEMENT CONSULTANCY & RESEARCH GMBH DE (BERLIN) participant 303˙187.00
23    INNOV-ACTS LIMITED CY (LEFKOSIA) participant 301˙875.00
24    CREVIS BE (BRUXELLES) participant 299˙250.00
25    FUNDACION CENTRO TECNOLOXICO DE TELECOMUNICACIONS DE GALICIA ES (VIGO) participant 273˙812.00
26    FUNDACION PARA LA PROMOCION DE LA INNOVACION, INVESTIGACION Y DESARROLLO TECNOLOGICO EN LA INDUSTRIA DE AUTOMOCION DE GALICIA ES (PORRINO PONTEVEDRA) participant 271˙875.00
27    INSTITUT JOZEF STEFAN SI (LJUBLJANA) participant 270˙750.00
28    POSTE ITALIANE - SOCIETA PER AZIONI IT (ROMA) participant 265˙125.00
29    WENALYZE ES (MADRID) participant 258˙562.00
30    National Bank of Greece S.A. EL (Athens) participant 253˙575.00
31    AKTIF YATIRIM BANKASI AS TR (ISTANBUL) participant 248˙500.00
32    BANKA SLOVENIJE SI (LJUBLJANA) participant 243˙302.00
33    BOGAZICI UNIVERSITESI TR (ISTANBUL) participant 233˙750.00
34    PARIS EUROPLACE FR (PARIS) participant 225˙000.00
35    LIBERBANK SA ES (MADRID) participant 218˙312.00
36    DWF GERMANY RECHTSANWALTSGESELLSCHAFT MBH DE (Cologne) participant 217˙875.00
37    COPENHAGEN FINTECH DK (COPENHAGEN) participant 202˙500.00
38    ROESSINGH RESEARCH AND DEVELOPMENT BV NL (ENSCHEDE) participant 198˙187.00
39    EDEX - EDUCATIONAL EXCELLENCE CORPORATION LIMITED CY (NICOSIA) participant 196˙529.00
40    DYNAMIS AE GENIKON ASFALEION EL (KALLITHEA) participant 157˙500.00
41    GENILLARD & CO GMBH DE (MUNCHEN) participant 156˙012.00
42    INNOVATION SPRINT BE (BRUXELLES) participant 112˙875.00

Map

 Project 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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The information about "INFINITECH" are provided by the European Opendata Portal: CORDIS opendata.

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