Building a European Fintech risk management platform

Tag: Financial Technology, Risk management, Artificial Intelligence, Blockchain
Researcher: Emilio Barucci
Department: DMAT – Department of Mathematics

Financial Technology (Fin Tech) is financial innovation made possible by innovative technology.

Different countries in Europe have different regulatory landscapes: thus, the European Fin Tech sector has the potential of being more competitive through the establishment of a common regulatory field across all Europe.

The FIN-TECH project (A FINancial supervision and TECHnology compliance training programme), funded under EU’s Horizon2020 scheme, involves 24 universities as well as financial institutions and stakeholders from all 28 state members plus Switzerland. Politecnico di Milano will be a partner of FIN-TECH through the contribution of the Department of Mathematics.

The project has the goal of building a common fintech risk management platform. The platform aims at automatize the compliance of Fin-Tech companies (RegTech) as well as at increasing the efficiency of supervisory activities (SupTech). The exchange of information on risk models and management for fintech companies will lay the foundation of the common platform. The research will have three main sources in gathering information: fintech companies and hubs, regulatory institutes, and universities and research centers. Research on risk models will be also carried out through Big Data analytics, AI and Blockchain technologies.

The diffusion of the findings will also be a core activity of the project, aiming at achieving uniformity across Europe: this will be carried out through training and coding session as well as through the establishment of a dedicated website.

Cover Photo by Danielle Rice on Unsplash