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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, 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; [http://www.hometalk.com/search/posts?filter=Eloise%20Fouladgar Eloise Fouladgar] and Zack Fairhurst<br>Eloise Fouladgar, 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  [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] is made up of rising or 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 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 contractual obligation to stay in the house. <br>The TikTok account became famous for  [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 giá rẻ] 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,  [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 hcm] 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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== 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>
 +
*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]]
 +
* [[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]]
 +
 
 +
== COST FinAI Working Groups ==
 +
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. [[Peter Schwendner]], Leader Working Group 3, [mailto:peter.schwendner@zhaw.ch email]
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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 Action Tools ==
 +
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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* [https://e-services.cost.eu/stsm STSM application]
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* [https://e-services.cost.eu/conferencegrant ITC application]
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* [[Training schools]]
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* [[Conferences and workshops]]
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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 ==
 +
* [[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
 +
 
 +
== Working Group Meetings ==
 +
* See our meet-up [https://www.meetup.com/Fintech_AI_in_Finance/]
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 +
== Grant Holder ==
 +
The COST Action runs from September 2020 until September 2024 and is divided into five grant periods, each with different goals and budget.
 +
Please go to [[grant periods]] for more details.
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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]].
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* [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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 +
 
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For any content to be added to our website, please compile the following [https://forms.gle/eQQWE82JabZ2ewuu8 Form]
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 +
== Short-term scientific missions ==
 +
Short-term scientific missions [[STSM]] and Inclusiveness Target Country conference grants are two of the main tools which support the COST Action goals.  
 +
 
 +
== Virtual Networking ==
 +
 
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The [[Virtual Networking Grants]] aim to promote virtual collaboration within the Action.
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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 ==
 +
 
 +
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]
 +
 
 +
Prof. Dr. [[Wolfgang Karl Härdle]], Leader Working Group 1, [mailto:haerdle@hu-berlin.de email]
 +
 
 +
Prof. Dr. Petre Lameski, Leader Working Group 2, [mailto:petre.lameski@finki.ukim.mk email]
 +
 
 +
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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Prof. Dr. Dr. Ania Zalewska, Academia-Government Coordinator, [mailto:a.zalewska@bath.ac.uk 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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 +
[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]
 +
 
 +
== Acknowledgements ==
 +
[[Important_links#COST_Acknowlegdement]]
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 +
 
 +
== COST FinAI Logo ==
 +
Please always use our [https://drive.google.com/file/d/18ZnYD50Rs2aAskUdnjnP-rGLDg1rLy7I/view?usp=sharing COST FinAI logo].

Revision as of 11:20, 10 May 2021

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 Working Groups

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

COST Action Tools

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

Collaboration with industry, governments and international organisations

Management Committee Meetings

  • 1st MC meeting, online, September 14/15, 2020, Start of the Action FinAI
  • 2nd MC meeting, online, November 12, 2020, Start of the first Grant Period
  • 3rd MC meeting, online, February 17, 2021, Intermediate Results from the first Grant Period

Working Group Meetings

  • See our meet-up [1]

Grant Holder

The COST Action runs from September 2020 until September 2024 and is divided into five grant periods, each with different goals and budget. Please go to grant periods for more details.

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, please compile the following Form

Short-term scientific missions

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

Virtual Networking

The Virtual Networking Grants aim to promote virtual collaboration within the Action.

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

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

COST FinAI Core Group

COST FinAI member profiles

COST FinAI country profiles

Management Committee

COST FinAI participants

Acknowledgements

Important_links#COST_Acknowlegdement


Please always use our COST FinAI logo.