PRESS RELEASE - Joint Communication by StandICT.eu 2023 & INFINITECH


PISA – Italy,10.03. 2022 - StandICT.eu 2023 & INFINITECH kick-off their collaboration to reinforce Digital Finance standardisation efforts in Europe


StandICT.eu 2023 is a European initiative supporting the EU engagement in international ICT standardization. It has two key axes; firstly, it will fund 400+ European fellowships in ICT standardisation in a series of 10 Open calls providing a total of 3M€ of funding. Secondly, it operates the European Observatory for ICT Standardisation (EUOS) that is an interactive online ecosystem including an up-to-date standards repository as well as working groups sharing insights about ongoing standardization efforts across different initiatives. StandICT.eu 2023 focuses on horizontal and vertical ICT fields as defined in the Rolling Plan for ICT Standardisation[1], among the focus areas are FinTech, IoT, Big data and e-Invoicing technologies.


INFINITECH is a joint effort of global leaders in ICT and finance committed towards lowering the barriers for Big Data/IoT/AI driven innovation, boosting regulatory compliance and stimulating additional investments. 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 and StandICT.eu initiated a collaboration to outreach activities on the Fintech domain and contributions to ICT Standards. The communities will jointly participate and organise virtual events, as well as explore business opportunities. StandICT.eu is planning a series of Open Calls for which technical topics will be discussed and the INFINITECH Consortium will join discussions as competent and interested interface of the Fintech domain. An objective of the collaboration is to further establish a Technical Working Group (TWG) formed by renowned experts in the field as well." says Ernesto Troiano, INFINITECH Coordinator.



"The FinTech domain, as outlined in the ICT Rolling Plan for Standardisation, is one of the key pillars of the project: the way financial data is exchanged across institutions and companies worldwide is becoming more and more automated and complex and in need of robust standards. We're incredibly happy to be able to rely on the comptence and the vast know-how of the INFINITECH consortium and to start this collaboration that should hopefully result in brining more FinTech experts to contribute to the inititive, either in quality of funded fellows or in a dedicated TWG in our EUOS to define challenges and priorities in a sectorial Landscape Report" says Francesco Osimanti, StandICT.eu 2023 Vice Coordinator.


The projects will collaborate hand in hand to identify and propose pragmatic suggestions to tackle a spectrum of FinTech related challenges (most critical as regulatory barriers, lack of datasets, testbeds and validated business models preventing the achievement of the full potential of these new technologies). The project will work to jointly tackle such challenges, by providing a 360° coverage to fully leverage the benefits of IoT, Big Data and AI in the financial and insurance sectors and, possibly, to successfully intertwine StandICT.eu's opportunity with the solid expertise of the INFINITECH consortium.
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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.

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