9 Key Impact Pathways and 17 dissemination/exploitation activities
Description: High-quality publications for continued scientific research.
Expected Outcome: 50 research papers; 5 policy papers
Magnitude: International journals, high Journal Impact Factor and citation score.
Expected Impact: Improved long-term competitiveness of Europe's financial sector.
Importance: 50 more researchers. 100 additional papers. 5 new research cooperations.
Description: Establish new European Digital Finance Doctorate
Expected Outcome: New European Doctoral Programme.
Magnitude: 15 Digital Finance PhDs graduating per year
Expected Impact: 30% of traditional EU Finance PhD programmes will be Digital Finance
Importance: Comparable to two additional doctoral programmes
Description: Knowledge will be disseminated via open science approaches
Expected Outcome: Knowledge distributed to all stakeholders (incl. students, civil society, regulators)
Magnitude: 50 conference talks. 3 Open Science Festivals. 17 use cases and prototypes
Expected Impact: Digital literacy in Finance increases by 10%
Importance: Outreach to more than 5000 persons. 5 new products based on prototypes.
Description: Data and AI prototype models deployed to the Finance Industry.
Expected Outcome: 10 new data-driven financial products. 5 AI models integrated.
Magnitude: 10 new data-driven models for Finance.
Expected Impact: 10% more of all EU Finance product offerings will move to digital
Importance: Industry can enhance 10 of their product offerings
Description: Finance product enhanced with sustainability factors
Expected Outcome: Sustainable Finance products
Magnitude: 3 sustainable prototypes and 2 use cases
Expected Impact: Europe will be successful with the EU Green Deal
Importance: New business revenues >10m EUR
Description: New methods to detect fraud and estimate creditworthiness
Expected Outcome: New methods to detect fraud and estimate creditworthiness
Magnitude: 2 enhanced/new methods for fraud detection and credit risk. 2 use cases. 2 policy papers
Expected Impact: Strengthened EU consumer and investor protection. New EU policies and regulations
Importance: Potential use by all EU regulators and Fintechs focused on fraud/credit risk.
Description: New trading platform, predictive models for text, explainable AI framework, new crypto risk indices, recommender systems
Expected Outcome: Prototypes and new methodologies
Magnitude: Five new prototypes and two uses cases
Expected Impact: The suite of digital finance products across Europe is substantially strengthened and globally competitive
Importance: Revenues in related products is several billions across Europe. Applied in products with 100m AUM.
Description: New products, smarter labour workforce
Expected Outcome: Training curricula for Digital Finance labour workforce
Magnitude: 17 new PhDs. Five new financial products.
Expected Impact: Digital Finance will grow substantially and regain global market share
Importance: Each PhD leads to the creation of 10x more jobs
Description: New methodologies and prototypes will lead to substantial revenues
Expected Outcome: New AI models for trading and credit risk
Magnitude: The 4m EUR invested will lead to 40m EUR additional revenues (as per previous projects).
Expected Impact: The Future of Finance is Digital. The EU Digital Finance strategy is implemented.
Importance: Digital will be the future of Finance. AI can contribute to several bn EUR revenues.
| # | Activity | Target Audience | Timing | Location | Key Indicators |
|---|---|---|---|---|---|
| 1 | Academic Seminars (at least 2 seminars per year at each beneficiary) | Professors, Ph.D. and MSc students from multiple departments and practitioners from industry partners | M1-M48 | Hybrid: Hosting institution & Online | >100 attendees |
| 2 | Different international conferences (each doctoral candidate presents in at least 1 renowned conference per year) | Academics and practitioners from different areas (Finance, Computer Science, Cybersecurity, and Marketing) | M13-M48 | Europe and North America (e.g., EURO and INFORMS) | Each DC has presented at least twice at a top-ranked international conference |
| 3 | Journal publications (3 per DC) | Academics and practitioners | M1-M48 | Leading journals | Citation scores >10, Impact >5 |
| 4 | Industry seminars (3) | Professionals in the Financial Services industry | M1-M6, M15-M21 | Hybrid, ECB, RAI, SWE | >100 attendees. Two follow-up projects |
| 5 | Informative videos (one per beneficiary) | EU citizens and the general public | M37-M48 | Beneficiaries media | Public media presence has >1000 followers |
| 6 | Website development | Academics, Industry, Regulators, EU citizens and the general public | M1-M3 | Online | Webpage created |
| 7 | Social media & Blogs | Academics, Industry, Regulators EU, citizens and the general public | Monthly, starting in M2 | LinkedIn & Medium & Media | Public media presence has >1000 followers |
| 8 | Intellectual property management: Further external and collaborative research | Industry and academic members, other research institutes, and the scientific community | Bi-monthly, starting in M2 | Meetings with core groups representing the beneficiaries | Number of collaborations and projects from these contributions (three each) |
| 9 | Intellectual property management: Product development | Businesses, SMEs, and industry | Quarterly, starting in M4 | Non-academic partners | Identification of potential commercialization and patent creation (twenty new contacts) |
| 10 | Engagement with communities/end users/policy makers | Policymakers, public authorities, EU citizens, and the general public | Bi-annual, starting M6 | Beneficiaries and AP's premises. Science Festivals | Follow-up on policies and processes that can be improved based on the proposal results |
| 11 | General/public outreach. DCs present results | Wider public/civil society/policy makers/regulators | Bi-annual, starting M6 | Public locations, DIGITAL premises | >100 attendees. Two newspaper articles each |
| 12 | Further internal research | Extend research interdisciplinary | M12,24,36,48 | Hybrid | 2 joint papers per DC |
| 13 | Collaborative research | Academics, also outside our field. Collaborate in academic networks | M12,24,36,48 | Hybrid | 10 citations of research from DIGITAL publications |
| 14 | Transform prototypes to products, better services and processes | Product developers, Industry, SMEs, start-ups | M12,24,36,48 | Hybrid | 2 prototypes annually converted to new financial products. 1 improved process |
| 15 | Education | BSc, MSc, Doctoral Students | M12,24,36,48 | Hybrid | 5 enhanced courses annually on Digital Finance |
| 16 | Standardisation activities | Industry, policy makers, academics | M36, 48 | Hybrid | Two new standards (data augmentation, blockchain) |
| 17 | Spin-offs | SMEs, startups | M43 | Hybrid | 2 spinoffs in total |