Blog



Dynamis: 50 years of experience in motor insurance

Dynamis: 50 years of experience in motor insurance

Dynamis Insurance Company is a non-life insurance company founded in Greece in the ‘70s. Being the successor of GENKA Insurance Group which already was representing in Greece some of the giants of global insurance industry at the time, listing Guardian Royal Exchange Assurance PLC among them. Using the knowhow of the previous involvement in insurance Dynamis soon was established in the Greek market offering a wide range of non-life insurance products, with motor insurance playing the biggest role in company’s history.

Read more...

Pan-European Innovation Matters in Time of Crisis

Pan-European Innovation Matters in Time of Crisis

While everyone in the world is hit simultaneously by possibly the biggest financial crisis in our lifetime, it truly opens our eyes in regards of how dependent we are of each other, on a global scale. We who are privileged enough to be able to work from home, or work at all, carry a big responsibility to lead everyone out of the crisis in the best way possible. Despite that, the main focus of any private company, whether it’s a start-up, a tech-giant or a bank, will always be survival first, growth second, philanthropy third.

Read more...

Pilots #10 - Real-time cybersecurity analytics on Financial Transactions’ BigData

Pilots #10 - Real-time cybersecurity analytics on Financial Transactions’ BigData

20th April, 2020, MASSIMILIANO ASCHI, POSTE ITALIANE, ITALY

In recent years, every financial activity is being increasingly digitized; unfortunately, at the same time, in cyber threat sector, there are strong increases in activity such as abuses on home-banking and mobile banking systems, malicious behaviors and cyber-attacks. Because of these threats, the sector must face new and evolving challenges, linked to unprecedented data volumes and variety, new types of frauds or attacks.

Read more...

Towards a Blockchain-empowered Consent Management

Towards a Blockchain-empowered Consent Management

Today’s financial institutions are focusing on the development of intelligence support tools, that are exploiting the advancements of the data analytics, in order to enable the introduction of innovative customer services that solve business problems, including improved Know-Your-Customer processes and consequently Anti Money Laundering, Credit Scoring and Fraud Detection services. However, the prerequisite for these intelligence support tools is the permission of the customer to share data that will be utilised in this process in order to better understand customers and their financial relationships. To this end, the need for a framework that provides a trusted and secure sharing mechanism of customer consent arises, in which customers maintain the full control and management of the usage and sharing of their own banking data.

Read more...

Pilot 14 Big Data and IoT for the Agricultural Insurance Industry

Pilot 14 Big Data and IoT for the Agricultural Insurance Industry

AgroApps P.C and Genillard & Co.

INFINITECH Pilot 14 entitled "Big Data and IoT for the Agricultural Insurance Industry" aspires to deliver a commercial service module that will enable insurance companies to exploit the untapped market potential of Agricultural Insurance (AgI), taking advantage of innovations in Earth Observation, weather intelligence & ICT technology. EO data derived by Copernicus Sentinel missions as well as by missions contributing to Copernicus will be used to develop the data products that will act as a complementary source to the information used by insurance companies to design their products & assess natural disasters. Weather intelligence based on data assimilation; numerical weather prediction & ensemble seasonal forecasting will be used to verify the occurrence of a catastrophic weather event s & to predict future perils.

Read more...

Alternative automated insurance risk selection product recommendation for SME

Alternative automated insurance risk selection product recommendation for SME

The INFINITECH project is called to reduce barriers to the use of big data and IoT devices in the financial sector, increasing regulatory compliance and stimulating future investments. The consortium, of which Wenalyze is a part, is made up of 48 partners, leaders in the technological, financial and insurance sectors. Within the project, fourteen impact pilots are developed that will implement different aspects of big data within the financial industry. Wenalyze is responsible for developing thirteen forms of profiling of insurance needs for small and medium enterprises in the pilot, in order to know their risks better and thus be able to offer a personalized selection of products and coverage.

Read more...

Pilot #12 of INFINITECH preparing for a user study

Pilot #12 of INFINITECH preparing for a user study

Insurance companies need to offer more competitive health insurance products; the only way to do so is via personalization of their products. The traditional interviews with the clients are helpful, but do not provide adequate means to estimate the associated insurance risk and select the product best fitting the client. Real-world Data (RWD) of the client, continuously collected and assessed, can give insights on the client’s lifestyle, facilitating both initial product personalization and continuous product customization reflecting the client’s behavioural changes.

Read more...

Data is driving the Fintech sector

Data is driving the Fintech sector

Financial and insurance organizations are required to introduce technologies necessary to automate as much as possible a series of processes that are still very manual and to adopt Data Analytics and Artificial Intelligence to support financial advisors and therefore extend the services offered.

Read more...

15 Pilots to demonstrate the INFINITECH project led by ATOS.

15 Pilots to demonstrate the INFINITECH project led by ATOS.

Atos is a global leader in digital transformation with over 110,000 employees in 73 countries and annual revenue of over € 11 billion. European number one in Cloud, Cybersecurity and High-Performance Computing, the Group provides end-to-end Orchestrated Hybrid Cloud, Big Data, Business Applications and Digital Workplace solutions.

Read more...

Transaction Graph Dataset for the Ethereum Blockchain

Transaction Graph Dataset for the Ethereum Blockchain

Can Özturan, Alper Şen, Baran Kılıç - Boğaziçi University (BOUN)

Infinitech partner Bogazici University is involved in Pilot 9 which is about analysis of blockchain transaction graphs for fraudulent activities and Task 4.4 in Work Package 4 which is about tokenization and smart contracts in finance and insurance services. Since the start of the Infinitech project, Bogazici University has been working on preparing transaction datasets from the public blockchains. Transaction graph dataset for the Ethereum Blockchain has now been uploaded to Zenodo site https://zenodo.org/ .

Read more...

From Real world data to innovative insurance products

From Real world data to innovative insurance products

Pilot#1 - 1 Personalized insurance products based on IoT connected vehicles

CTAG is an R&D technological automotive centre, devoted to support automotive industry in its research, development and innovation needs. Based on the expertise got for many years working in pilots deployment and evaluation, CTAG supports Pilot 11 by producing and collecting vehicle data and developing algorithms for data harmonization and analysis, plus machine and deep learning algorithms design and implementation to process the data collected.

Read more...

Last trends in the Fintech sector by Bankia

Last trends in the Fintech sector by Bankia

Bankia, partner of the INFINITECH Project, carries out since 2016 Bankia Fintech by Innsomnia, the largest open innovation program in Spain in the financial sector and the 1st Fintech Accelerator at national level.

Since its creation, the Bankia Fintech Program has attracted more than 400 startups and entrepreneurs from more than 20 international ecosystems, of which 47 have been accelerated and have developed a Proof of Concept (PoC) and Minimum Viable Product (MVP) for the bank. The Bankia Fintech Program has become a reference both for its innovative methodology and for the success rates recorded up to date.

Read more...

EventRegistry: global real-time media observatory

EventRegistry: global real-time media observatory

20th January 2020, Jožef Stefan Institute, Slovenia

Event Registry is real-time cross-lingual global media monitoring service for modelling global social dynamics (eventregistry.org) developed by the Jožef Stefan Institute.

Event Registry is a global media monitoring tool that aggregates and analyses news content for over 120,000 news sources published globally in 100+ languages. Events mentioned in the news are identified and relevant information about them is automatically extracted and stored in a searchable form. The data can be accessed directly on the platform or via the API.

Read more...

Revolutionizing Wealth Management with Artificial Intelligence

Revolutionizing Wealth Management with Artificial Intelligence

Artificial Intelligence (AI) is currently disrupting several sectors of the economy and finance is no exception. There are many interesting uses of AI in the finance sector, including use cases with disruptive potential and opportunities for both consumers and financial institutions. These use cases span the front office (e.g., chatbots), the middle office (e.g., Know Your Customers) and the back-office (e.g., credit risk assessment) of financial institutions.

Read more...

Data anonymization: how does it protect us?

Data anonymization: how does it protect us?

Author: Lilian Adkinson, Head of Security & Privacy Analytics at Gradiant

The sharing of open data is fundamental for the advance of science and technology, and it is also essential for performing research studies and developing new applications that benefit our society. However, the sharing of these datasets needs to be done taking into account the appropriate measures, especially when they contain personal data.

Read more...

Portfolio Construction with Artificial Intelligence

Portfolio Construction with Artificial Intelligence

Privé Technologies is proud to participate as a partner in the INFINITECH project among global leaders of the financial services industry with the goal to lower the barriers for Big Data, Internet of Things (IoT) and Artificial Intelligence (AI) driven innovation within asset management and portfolio management solutions.

Read more...

Work Package Leader 8 – PanEuropean Multi-Sided Market Platform and VDIH

Work Package Leader 8 – PanEuropean Multi-Sided Market Platform and VDIH

16th January 2020, Nikos Drosos, Singular Logic, Greece

Within INFINITECH, modern technologies and tools are combined in order to support innovators from the Finance and Insurance sectors in their Big Data, AI and IoT endeavors. In order to provide access to project’s outcomes a market platform will be designed and developed along with a Virtualized Digital Innovation Hub (VDIH).

Read more...

WP Leader 5 – Data analytics Enablers for Financial and Insurance Services

WP Leader 5 – Data analytics Enablers for Financial and Insurance Services

28 November 2019, Konstantinos Perakis, Ubitech, Greece

Within the context of WP5, the consortium partners aim at providing the tools and mechanisms necessary for executing analytics over the INFINITECH data management infrastructure. More specifically, WP5 aims at kickstarting its activities with collecting and organizing the datasets needed for the training and validation of the analytics algorithms. To do so, the partners will prepare and circulate a common template to be used by all pilot partners so as to document the details of all open and proprietary datasets that will be used throughout the demonstration scenarios.

Read more...

Logo

Are you ready to work with us?
Send your inquiry now

info@infinitech-h2020.eu

Invalid email address.

logo europe This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 856632.
The content reflects only the authors’ views, and the European Commission is not responsible for any use that may be made of the information it contains.