Aims to lower the barriers for Big Data, IoT, and AI-driven innovation, boosting regulatory compliance, and stimulating additional investment.
The project will provide:
- Novel Big Data and IoT technologies for seamless management and querying of all types of data, interoperable analytics, blockchain-based data sharing, real-time analytics, as well as libraries of advanced AI algorithms.
- Regulatory tools incorporating various data governance capabilities and facilitating compliance to regulations such as PSD2, 4AMLD, and MIFiD II.
- Nine novel and configurable testbeds and sandboxes, each one offering Open APIs and other resources for validating autonomous and personalised solutions, including the collection of data assets for finance and insurance.
Our team leads the development of regulatory compliance tools through mapping data governance mechanisms while connecting and orchestrating various mechanisms in specific scenarios of the sector such as credit risk scoring or product personalisation. We also lead the activities related to the Large-scale pilots of SHARP Financial and Insurance Services (Smart, Holistic, Autonomy, Personalised and Regulatory Compliance) that foresees the integration and deployment of these services covering all aspects of Big Data, AI, and IoT. In addition, our team is responsible for the pilot related to personalised insurance products based on IoT connected vehicles for transforming the insurance sector and create a basis for automating processes like fraud detection and insurance claims management.