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[/tvshowbiz/tiktok/index.html TikTok] has rapidly become one of most influential social media platforms for young people, with its major appeal being the ability to catapult anyone into overnight fame.  <br>But it seems that the stardom achieved from the platform can be taken away just as swiftly when a host of other influencers looking to take your place are just a click away. <br>In September last year, social media stars in their early 20s dubbed themselves 'The Wave House' and moved into a £5million mansion in the British countryside, with the chief aim of making videos for the platform. <br>They moved into new luxury digs nearby [/news/london/index.html London], which include 13-acres of land, a swimming pool, [https://www.kynghidongduong.vn/tours/tour-bali-tour-du-lich-bali-indonesia-4-ngay-3-dem-tu-ha-noi-tu-sai-gon-hcm-may-bay.html tour bali từ hà nội] gym, spa and a 100-inch TV which cost almost £30,000- but the influencers say they were kicked out by management after just three months. <br>                Six social media influencers (pictured) have dubbed themselves 'The Wave House', and moved into a £5million mansion in the British countryside last year<br>        They have now been replaced with a new set of content creators and new Wave House will be hosting both British and American TikTok influencers.<br><br>Pictured L-R; Jimbo H; Ehiz Ufuah; Reagan Yorke; Eloise Fouladgar and Zack Fairhurst<br>Eloise Fouladgar, [https://www.kynghidongduong.vn/tours/tour-bali-tour-du-lich-bali-indonesia-4-ngay-3-dem-tu-ha-noi-tu-sai-gon-hcm-may-bay.html kynghidongduong.vn] 22, who will return to the Wave House with her boyfriend, claimed in December that the group were due to come back after Christmas, but had their notice period cut short and were told to 'pack up and leave' by their management. <br>Backing up her fellow influencer's story Kate Elisabeth, 20, said that she was 'bamboozled' and felt 'kicked out' of the house, having been told by management they had to move out with just ten day's notice. <br>  RELATED ARTICLES  [# Previous] [# 1] [# Next]     [/femail/article-9411775/Social-media-users-share-awkward-staircase-designs.html  Stairway to hell! These VERY odd staircases will leave you... ] [/femail/article-9401245/Can-spot-real-flowers-fake-ones.html  Can YOU spot the paper petals? Lockdown sparks a resurgence... ] [/femail/article-9402787/Gok-Wan-reveals-Insta-friendly-interiors-Georgian-home-London.html  At home with Gok Wan! TV presenter offers a look inside his... ] [/femail/article-9411493/William-Hanson-says-aim-quality-quantity-socialising.html  Don't 'wave like a pre-schooler' or make yourself sound... ]   <br><br><br><br>Share this article<br>Share<br><br><br>But Jidé Maduako, CEO of Yoke Network, told Femail that it was the influencers' choice to up sticks, that the project was only originally supposed to run for three months and their claims were fabricated to get more video views.  <br>The group are now being replaced with new influencers; who are set to outdo their predecessors' extraordinary ratings last year by taking part in an online reality TV show.  <br>        The group are now being replaced with new influencers; who are set to outdo their predecessors' extraordinary ratings last year.<br><br>Pictured, the new set of influencers with masks on<br>        Upon joining, the influencers belonged to management agency, Yoke, who cover the costs of the house and treat the mansion as an 'office'.<br><br>Pictured, Eloise, 22, who will return to the Wave House<br>Mansions where content creators live together gained popularity thanks to the The Hype House, a collective of TikTok personalities based in Los Angeles, California.<br>The US collective was formed in December 2019 and is made up of rising or [http://pixabay.com/en/new-zealand-waterfall-nature-established%20Gen/ established Gen] Z influencers, including Addison Rae, 19, who is a friend of Kourtney Kardashian. <br>British influencers Spencer Elmer, Eloise Fouladgar, Jimbo H, Millie T, Kate Elisabeth and Carmie Sellitto all of whom are 20-24 and  [https://www.kynghidongduong.vn/tours/tour-bali-tour-du-lich-bali-indonesia-4-ngay-3-dem-tu-ha-noi-tu-sai-gon-hcm-may-bay.html tour du lịch bali] from London, jumped on the trend last year and started their own social media haven. <br>Upon joining, the influencers belonged to management agency, Yoke, who cover the costs of the house and treat the mansion as an 'office' for their influencers to create content in - but the TikTok stars were under no [http://thesaurus.com/browse/contractual%20obligation contractual obligation] to stay in the house. <br>The TikTok account became famous for their bizarre series of face reveal videos in which members of the house revealed their identities by taking off the spiked masks covering their entire face. <br>        The luxury digs nearby London, includes 13-acres of land, a swimming pool, gym, spa and a 100-inch TV which cost almost £30,000<br>Other clips featured influencers riding into their front garden on a helicopter, sat on a throne holding a Burmese python, and bursting their head through a print of the Mona Lisa.   <br>The group amassed a huge 3.8 million followers on [ But, according to influencers Elisabeth and Eloise, things started to 'crumble' in a short space of time when ratings couldn't live up to the incredible numbers gained by their first video.  <br>In a video filmed in December, Eloise said: 'What happened was, we had 55 million views and our expectations were so high. Those numbers you're never going to get again. <br>                 The first members of the house revealed their identities in a series of bizarre videos in which they reveal the content creator by taking off the spiked masks covering their entire face. Pictured, the first set of influencers with their masks on <br>'What we started doing was putting loads of pressure on ourselves to to better, get more views show people what we're about and we got lost.' <br>She says that over time 'cracks started to show' and that it was an 'intense' environment living with a 'house manager'. <br>The pair claim that they were supposed to return after Christmas in January, but were told abruptly that management wanted to 'bring something bigger and better to the table'.<br>'Management pulled us into the office and said "Listen you're moving out and you have ten days to move out".<br>'Something is happening, this house isn't making you guys happy. We have your best interests at heart. We think we can bring something bigger and better to the table, so pack up you're leaving. ' <br>Private school girl Kate added on her own channel: 'We were only given a week and a half notice before we were told we had to move out. <br>        Eloise is dating fellow influencer and Wave House member Jimbo (pictured) and they will both be returning to the house for a 'second season' <br>              London-based Ehiz (left) has 9.7million followers on TikTok, on 205k followers Instagram and 46.3K subscribers on YouTube while Zack, 21, from the US, boasts 3.3million followers on TikTok<br>        Reagan (pictured with the rest of the Wave House members)  is a content creator from Los Angeles, she boasts 114k followers on Instagram, 39.3K subscribers on YouTube and 2.8 followers on TikTok<br>'We were meant to have a Christmas holiday...I feel a fit bamboozled, kicked out of this house, I could say a lot more but what's the point?<br>She added: 'Our management told us we have to move out and we have no idea what's coming next'. <br>But their former manager has branded their stories false, saying they were keen to create 'drama' and get more views. <br>'In terms of the last members of the group they kind of wanted to explore other opportunities', said Maduako. <br>'They wanted to explore those options. Also generally it's always good - because social media is fast paced - you always want to try to keep current. <br>He said that it was their decision to leave, insisting management 'never kicked them out' the initial duration of the project was always set out to be three months - despite no contract being drawn up to specify this.<br>        <br>Explaining why Eloise has remained part of the group, he said: 'Mainly because she really wanted to give it another shot in terms of season two, and she's really iconic to the project, with her milk bath. So it was a very organic thing.'     <br>Now, the Wave House will be hosting both British and American TikTok influencers. For its second season, a production crew will be joining the house members to film a Wave House reality show that will be shown on YouTube.<br>In each eight-minute long weekly episode over three months, the internet celebrities will be taking on fun, nail-biting challenges, pitting them against each other.<br>As well as the weekly reality show, regular videos will be uploaded to the Wave House TikTok account, and the Wave House members will also be broadcasting over their own TikTok, YouTube and Instagram channels.  <br><div class="art-ins mol-factbox femail" data-version="2" id="mol-ee96bb50-8da8-11eb-8d95-f1ab87977ce4" website House members replaced after three months]
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For editing the Wiki: Please send your login name (after you sign up to the Wiki) to Ronald Hochreiter (ronald.hochreiter AT wu.ac.at)
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== COST Action 19130 - Fintech and Artificial Intelligence in Finance - Towards a transparent financial industry ==
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The financial sector is the largest user of digital technologies and a major driver in the digital transformation of the economy. Financial technology (FinTech) aims to both compete with and support the established financial industry in the delivery of financial services. Globally, more than $100 billion of investments have been made into FinTech companies and Artificial Intelligence (AI) since 2010, and continue growing substantially. In early 2018, the European Commission unveiled (a) their action plan for a more competitive and innovative financial market, and (b) an initiative on AI with the aim to harness the opportunities presented by technology-enabled innovations. Europe should become a global hub for FinTech, with the economy being able to benefit from the European Single Market.
 +
 
 +
The Action will investigate AI and Fintech from three different angles: Transparency in FinTech, Transparent versus Black Box Decision-Support Models in the Financial Industry and Transparency into Investment Product Performance for Clients. The Action will bridge the gap between academia, industry, the public and governmental organisations by working in an interdisciplinary way across Europe and focusing on innovation.
 +
 
 +
The key objectives are:
 +
 
 +
*to improve transparency of AI supported processes in the Fintech space
 +
*to address the disparity between the proliferation in AI models within the financial industry for risk assessment and decision-making, and the limited insight the public has in its consequences by developing policy papers and methods to increase transparency</li>
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*to develop methods to scrutinize the quality of products, especially rule-based “smart beta” ones, across the asset management, banking and insurance industries.
 +
 
 +
== Our COST Action FinAI==
 +
 
 +
* [[Responsibilities]]
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* [[Internal Newsletter]]
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* [[External Newsletter]]
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* [[Events]]
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* [[How to join]]
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* [[Important links]]
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* [[Technical Coordination]]
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* [https://docs.google.com/spreadsheets/d/1pMeu4BS3vv_mbJ395FG6R3GhObW_Qo1O6vIHH0vkIiY/edit#gid=0 Get funding (proposals for activities)]
 +
* [[Contacts]]
 +
 
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== COST FinAI Leadership positions ==
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* [[Action Chair]]
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* [[Vice Action Chair]]
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* [[Grant Holder]]
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== COST FinAI Working Groups ==
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=== COST FinAI Working Group Leaders ===
 +
* Prof. Dr. [[Wolfgang Karl Härdle]], Leader Working Group 1, [mailto:haerdle@hu-berlin.de email]
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* Prof. Dr. [[Petre Lameski]], Leader Working Group 2, [mailto:petre.lameski@finki.umki.mk email]
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* Prof. Dr. [[Kristina Šutienė]], Co-Leader Working Group 2, [mailto:kristina.sutiene@ktu.lt email]
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* Prof. Dr. [[Peter Schwendner]], Leader Working Group 3, [mailto:peter.schwendner@zhaw.ch email]
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=== COST FinAI Working Group members ===
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[https://www.cost.eu/actions/CA19130/#tabs+Name:Working%20Groups%20and%20Membership COST FinAI Working group members (official list)]
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[https://docs.google.com/spreadsheets/d/1fHV3OC1IoPS5lWa6ipk9F2I6hWlY3KJNdn-I4VShjmw/edit#gid=1127928031 COST FinAI Working group members (Up to date spreadsheet with contact details) ]
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[https://docs.google.com/spreadsheets/d/1-UXsSqSvFmX5_zPRoecfEOJHe8C2qsYYlwcSQl1jR-w/edit#gid=0 COST FinAI Working group 2 members]
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[https://docs.google.com/spreadsheets/d/1So4RTM7G4es-VFiuT-SxBrsqteTL0SaFNiYDR5P6cKw/edit#gid=0 COST FinAI Working group 3 members]
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=== COST FinAI Working Group details ===
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* [[Working group 1 - Transparency in FinTech]]
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* [[Working group 2 - Transparent versus Black Box Decision-Support Models in the Financial Industry]]
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* [[Working group 3 - Transparency into Investment Product Performance for Clients]]
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== COST FinAI Action Grants ==
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The COST FinAI awards grants for a variety of activities:
 +
Overview of all COST FinAI [[Grants]]
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=== STSM ===
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* [https://e-services.cost.eu/stsm STSM application]
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=== ITC conference grant ===
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* [https://e-services.cost.eu/conferencegrant ITC application]
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*Short-term scientific missions [[STSM]] and Inclusiveness Target Country conference grants are two of the main tools which support the COST Action goals.  
 +
To apply for an STSM grant or ITC grant, please register here: [https://e-services.cost.eu/ Official e-COST tool]
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=== Virtual Networking Grants ===
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* The [[Virtual Networking Grants]] aim to promote virtual collaboration within the Action. Please find more [[Information about VMGs]] here.
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== Collaboration with industry, governments and international organisations==
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* [[Industry coordination]]
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* [[Government collaboration]]
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* [[Regulators]]
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* [[International organisations]]
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== Management Committee Meetings ==
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* [[1st MC meeting]], online, September 14/15, 2020, Start of the Action FinAI
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* [[2nd MC meeting]], online, November 12, 2020, Start of the first Grant Period
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* [[3rd MC meeting]], online, February 17, 2021, Intermediate Results from the first Grant Period
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* [[4th MC meeting]], online, May 17, 2021
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* [[5th MC meeting]], hybrid, October 28, 2021
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== Working Group Meetings ==
 +
* See our meet-up [https://www.meetup.com/Fintech_AI_in_Finance/]
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== Conferences and Workshops ==
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* [[Training schools]]
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* [[Conferences and workshops]]
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* 2023 Academic events: [https://docs.google.com/forms/d/e/1FAIpQLScidyZByEHnbQ1iKTmNMdEiK9GIbDctqsy53cMC3zt2ns0pqA/viewform Questionnaire]
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== Research ==
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* [[Official COST FinAI Publications]]
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* [[Research proposals]]
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* [[Research projects]]
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* [[How do I get funding for my COST activities]]?
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* [[Contribute to writing a common paper]]
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== Diversity ==
 +
[[Diversity]] is one of the main aspects to be considered in this Action. The three main considerations are gender balance, participation of Inclusiveness Target Countries and Early Career Investigators.
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== Science Communication ==
 +
* Details about our [[Science Communication]].
 +
* [https://fin-ai.eu/ Webpage]
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* [https://twitter.com/FinAi_Cost Twitter]
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* [https://www.linkedin.com/company/fintech-and-ai/ LinkedIn]
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* [https://docs.google.com/forms/d/e/1FAIpQLSf2mp3irBkiUGdJre7hrfhwJYGRbUGKdojv6CzlZZk7Nb9Rqw/viewform Google Form to add contents on Website and Media]
 +
 
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For any content to be added to our website and Newsletter/Blog, please compile the following [https://forms.gle/eQQWE82JabZ2ewuu8 Form]
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== How to? ==
 +
 
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* How to [[publish COST papers]]?
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* How to [[apply for STSMs]]?
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* [[How to join]]?
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* [[How do I get funding for my COST activities]]?
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* [https://drive.google.com/drive/folders/1BIVo3wAVUOtCBqCpSrIcrmXe2LQC_ZCp How to find the google drive?]
 +
 
 +
== Contacts ==
 +
* [https://www.cost.eu/actions/CA19130/#tabs+Name:Main%20Contacts%20and%20Leadership Main Contacts and Leadership]
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* [https://www.cost.eu/actions/CA19130/#tabs+Name:Management%20Committee Management Committee]
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* [https://www.cost.eu/actions/CA19130/#tabs+Name:Working%20Groups%20and%20Membership Workings Groups and Membership]
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Prof. Dr. [[Joerg Osterrieder]], Action Chair, [mailto:joerg.osterrieder@zhaw.ch email]
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Prof. Dr. [[Valerio Poti]], Action Vice Chair, [mailto:valerio.poti@ucd.ie email]
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Prof. Dr. [[Wolfgang Karl Härdle]], Leader Working Group 1, [mailto:haerdle@hu-berlin.de email]
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Prof. Dr. [[Petre Lameski]], Leader Working Group 2, [mailto:petre.lameski@finki.ukim.mk email]
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Prof. Dr. [[Peter Schwendner]], Leader Working Group 3, [mailto:peter.schwendner@zhaw.ch email]
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Dr. [[Branka Hadji Misheva]], Grant Holder, [mailto:hadj@zhaw.ch email]
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Dr. [[Alessia Paccagnini]], Science Communication Manager, [mailto:alessia.paccagnini@ucd.ie email]
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Prof. Dr. [[Ania Zalewska]], Academia-Government Coordinator, [mailto:a.zalewska@bath.ac.uk email]
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Assoc. Prof. Dr. [[Vasile Alecsandru Strat]], Virtual Network Strategy Manager, [mailto:vasile.strat@bbs.ase.ro email]
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Assist. Prof. Dr. [[Apostolos Chalkis]], Virtual Network Strategy Manager Substitute, [mailto:tolis.chal@gmail.com email]
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[[COST FinAI Core Group]]
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[[COST FinAI member profiles]]
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[[COST FinAI country profiles]]
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[[COST FinAI Scientific Advisory Board]]
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[https://www.cost.eu/actions/CA19130/#tabs|Name:management-committee Management Committee]
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[https://docs.google.com/spreadsheets/d/14gqsVm9AuR13OTD0n7tc45DQlxQ0bb4uuLsSZSpdjj8/edit?usp=sharing COST FinAI participants]
 +
 
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== Grant Periods ==
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* [[Grant Period 1]]
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* [[Grant Period 2]] until Oct 2022
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* [[Grant Period 3]] November 2022 until October 2023
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* [[Grant Period 4]] November 2023 until October 2024
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 +
== Acknowledgements ==
 +
[[Important_links#COST_Acknowlegdement]]
 +
 
 +
== Disclaimers ==
 +
 
 +
*For events: This event is based upon work from COST Action 19130 Fintech and Artificial Intelligence in Finance, supported by COST (European Cooperation in Science and Technology), www.cost.eu
 +
 
 +
*For publications: This publication is based upon work from COST Action 19130 Fintech and Artificial Intelligence in Finance, supported by COST (European Cooperation in Science and Technology), www.cost.eu
 +
 
 +
*For articles: This article is based upon work from COST Action 19130 Fintech and Artificial Intelligence in Finance, supported by COST (European Cooperation in Science and Technology), www.cost.eu
 +
 
 +
== COST FinAI Logo ==
 +
Please always use our [https://drive.google.com/file/d/18ZnYD50Rs2aAskUdnjnP-rGLDg1rLy7I/view?usp=sharing COST FinAI logo].
 +
 
 +
== 2023 COST Application ==
 +
[[2023 COST Application]]

Latest revision as of 11:21, 31 October 2023

For editing the Wiki: Please send your login name (after you sign up to the Wiki) to Ronald Hochreiter (ronald.hochreiter AT wu.ac.at)

COST Action 19130 - Fintech and Artificial Intelligence in Finance - Towards a transparent financial industry

The financial sector is the largest user of digital technologies and a major driver in the digital transformation of the economy. Financial technology (FinTech) aims to both compete with and support the established financial industry in the delivery of financial services. Globally, more than $100 billion of investments have been made into FinTech companies and Artificial Intelligence (AI) since 2010, and continue growing substantially. In early 2018, the European Commission unveiled (a) their action plan for a more competitive and innovative financial market, and (b) an initiative on AI with the aim to harness the opportunities presented by technology-enabled innovations. Europe should become a global hub for FinTech, with the economy being able to benefit from the European Single Market.

The Action will investigate AI and Fintech from three different angles: Transparency in FinTech, Transparent versus Black Box Decision-Support Models in the Financial Industry and Transparency into Investment Product Performance for Clients. The Action will bridge the gap between academia, industry, the public and governmental organisations by working in an interdisciplinary way across Europe and focusing on innovation.

The key objectives are:

  • to improve transparency of AI supported processes in the Fintech space
  • to address the disparity between the proliferation in AI models within the financial industry for risk assessment and decision-making, and the limited insight the public has in its consequences by developing policy papers and methods to increase transparency
  • to develop methods to scrutinize the quality of products, especially rule-based “smart beta” ones, across the asset management, banking and insurance industries.

Our COST Action FinAI

COST FinAI Leadership positions

COST FinAI Working Groups

COST FinAI Working Group Leaders

COST FinAI Working Group members

COST FinAI Working group members (official list)

COST FinAI Working group members (Up to date spreadsheet with contact details)

COST FinAI Working group 2 members

COST FinAI Working group 3 members

COST FinAI Working Group details

COST FinAI Action Grants

The COST FinAI awards grants for a variety of activities: Overview of all COST FinAI Grants

STSM

ITC conference grant

  • Short-term scientific missions STSM and Inclusiveness Target Country conference grants are two of the main tools which support the COST Action goals.

To apply for an STSM grant or ITC grant, please register here: Official e-COST tool

Virtual Networking Grants

Collaboration with industry, governments and international organisations

Management Committee Meetings

Working Group Meetings

  • See our meet-up [1]

Conferences and Workshops

Research

Diversity

Diversity is one of the main aspects to be considered in this Action. The three main considerations are gender balance, participation of Inclusiveness Target Countries and Early Career Investigators.

Science Communication

For any content to be added to our website and Newsletter/Blog, please compile the following Form

How to?

Contacts

Prof. Dr. Joerg Osterrieder, Action Chair, email

Prof. Dr. Valerio Poti, Action Vice Chair, email

Prof. Dr. Wolfgang Karl Härdle, Leader Working Group 1, email

Prof. Dr. Petre Lameski, Leader Working Group 2, email

Prof. Dr. Peter Schwendner, Leader Working Group 3, email

Dr. Branka Hadji Misheva, Grant Holder, email

Dr. Alessia Paccagnini, Science Communication Manager, email

Prof. Dr. Ania Zalewska, Academia-Government Coordinator, email

Assoc. Prof. Dr. Vasile Alecsandru Strat, Virtual Network Strategy Manager, email

Assist. Prof. Dr. Apostolos Chalkis, Virtual Network Strategy Manager Substitute, email

COST FinAI Core Group

COST FinAI member profiles

COST FinAI country profiles

COST FinAI Scientific Advisory Board

Management Committee

COST FinAI participants


Grant Periods

Acknowledgements

Important_links#COST_Acknowlegdement

Disclaimers

  • For events: This event is based upon work from COST Action 19130 Fintech and Artificial Intelligence in Finance, supported by COST (European Cooperation in Science and Technology), www.cost.eu
  • For publications: This publication is based upon work from COST Action 19130 Fintech and Artificial Intelligence in Finance, supported by COST (European Cooperation in Science and Technology), www.cost.eu
  • For articles: This article is based upon work from COST Action 19130 Fintech and Artificial Intelligence in Finance, supported by COST (European Cooperation in Science and Technology), www.cost.eu

Please always use our COST FinAI logo.

2023 COST Application

2023 COST Application

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