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The New Wonders are designed to make an instant impact, offering the 'wow factor' and 'awesomeness' in spades.<br><br>Pictured is one of 10 jungle swings dotted around the island of Bali designed to bring out your inner Tarzan or Jane<br>The Taj Mahal,  [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] the Acropolis, Angkor Wat, Machu Picchu... the list of the world's wonders has not changed much over the decades.<br>But now we are dreaming extra hard of the next great journey, is it time to think again? The world's great sights will always retain their allure.<br><br>But the new millennium has seen fresh wonders appearing on our travel itineraries.<br>And they are millennial sites in another sense, too: they have been created for the smartphone generation who have never had to wait for holiday photographs to be developed.<br>The Old Wonders gained their status the hard way, surviving hundreds or even thousands of years, earning their place as sites[ TOWERS OF GREEN<br>        Bosco Verticale (or 'Vertical Forest') in Milan, pictured, comprises two residential tower blocks bursting with vegetation<br>Completed seven years ago, Bosco Verticale (or 'Vertical Forest') in Milan comprises of two residential tower blocks designed with balconies that jut out allowing trees and other vegetation to grow — forming towers of green. Milan's opera house and cathedral have a new rival for visitors' attention that offers an intriguing glimpse into the future of cities. Vegetation is the new cladding.<br>Star quality: More than 900 trees are planted on the facades of the two buildings, the tallest of which rises 364 ft.<br>How to see it: A two-night getaway to Milan from £266 pp including flights and B&B at 43 Station Hotel, within walking distance of Bosco Verticale (<a style="font-weight: bold;" target="_blank" class="class" rel="nofollow" website class="mol-para-with-font">SCI-FI SINGAPORE<br>        Gardens by the Bay in Singapore is an urban park that has a series of 18 extraordinary 'supertrees'. The tallest is 164ft <br>Gardens by the Bay in Singapore is an urban park, opened in 2012, and its highlight is a series of 18 extraordinary 'supertrees' with vegetation spouting out of the tall thistle-like structures — the tallest is 164ft.<br>They were designed by the Bath-based architects Grant Associates, which won a competition to complete the project. Its Instagram page #gardensbythebay has had more than a million posts.<br>Star quality: Take a stroll on the skywalk between the two tallest 'supertrees' — and go in the evening at 7.45pm to enjoy the light and music show.<br>How to see it: Heathrow-Singapore flights from £531 return (<[ SCI-FI SINGAPORE<br>        Gardens by the Bay in Singapore is an urban park that has a series of 18 extraordinary 'supertrees'. The tallest is 164ft <br>Gardens by the Bay in Singapore is an urban park, opened in 2012, and its highlight is a series of 18 extraordinary 'supertrees' with vegetation spouting out of the tall thistle-like structures — the tallest is 164ft.<br>They were designed by the Bath-based architects Grant Associates, which won a competition to complete the project. Its Instagram page #gardensbythebay has had more than a million posts.<br>Star quality: Take a stroll on the skywalk between the two tallest 'supertrees' — and go in the evening at 7.45pm to enjoy the light and music show.<br>How to see it: Heathrow-Singapore flights from £531 return (<a style="font-weight: bold;" target="_blank" class="class" rel="nofollow" website See <[ DRAMATIC IN DUBAI<br>        The Dubai Frame, pictured, is a giant picture frame looking on to historic Dubai on one side and the new city on the other<br>The UAE's commercial capital is arguably the most outrageous city of the 21st century. <br>Futuristic touches were wired in from the beginning: hotels shaped like sails, islands like palm trees, the world's tallest building and, since 2018, the Dubai Frame: a giant picture frame looking on to historic Dubai on one side and the new city on the other.<br>Star quality: The 164ft-long bridge at the top has sensors so that the floor becomes clear when you walk across it; absolutely terrifying for vertigo sufferers as you're 492ft up.<br>How to see it: Three nights at Ramada by Wyndham Jumeirah from £380pp including flights (<[ DRAMATIC IN DUBAI<br>        The Dubai Frame, pictured, is a giant picture frame looking on to historic Dubai on one side and the new city on the other<br>The UAE's commercial capital is arguably the most outrageous city of the 21st century. <br>Futuristic touches were wired in from the beginning: hotels shaped like sails, islands like palm trees, the world's tallest building and, since 2018, the Dubai Frame: a giant picture frame looking on to historic Dubai on one side and the new city on the other.<br>Star quality: The 164ft-long bridge at the top has sensors so that the floor becomes clear when you walk across it; absolutely terrifying for vertigo sufferers as you're 492ft up.<br>How to see it: Three nights at Ramada by Wyndham Jumeirah from £380pp including flights (<a style="font-weight: bold;" target="_blank" class="class" rel="nofollow" website More info: <[ ROUNDABOUT ALERT<br>Extraordinary as it may sound, the latest attraction in the Faroe islands is a Jellyfish Roundabout. It opened last year at the junction of two tunnels linking islands. <br>Local artist Tróndur Patursson's illuminated rock and steel sculptures are bathed in blue and green light and shaped like a giant jellyfish.<br>Star quality: Figures linking hands in one section designed as though enjoying a traditional Faroese 'ring dance'.<br>How to see it: Return flights via Copenhagen from Heathrow from about £235 (<[ ROUNDABOUT ALERT<br>Extraordinary as it may sound, the latest attraction in the Faroe islands is a Jellyfish Roundabout. It opened last year at the junction of two tunnels linking islands. <br>Local artist Tróndur Patursson's illuminated rock and steel sculptures are bathed in blue and green light and shaped like a giant jellyfish.<br>Star quality: Figures linking hands in one section designed as though enjoying a traditional Faroese 'ring dance'.<br>How to see it: Return flights via Copenhagen from Heathrow from about £235 (<a style="font-weight: bold;" target="_blank" class="class" rel="nofollow" website class="mol-para-with-font">MEXICAN MARVEL<br>        Canadian-American architect Frank Gehry - who created the wonderful Guggenheim Museum in Bilbao in Spain - was involved in the creation of Museo Soumaya in Mexico City, pictured <br><div class="art-ins mol-factbox travel halfRHS" data-version="2" id="mol-e1ac7970-88e4-11eb-9e86-0704c0e8e274" website new wonders of the world, from swings in Bali to Dubai&apos;s Frame][ MEXICAN MARVEL<br>        Canadian-American architect Frank Gehry - who created the wonderful Guggenheim Museum in Bilbao in Spain - was involved in the creation of Museo Soumaya in Mexico City, pictured <br><div class="art-ins mol-factbox travel halfRHS" data-version="2" id="mol-e1ac7970-88e4-11eb-9e86-0704c0e8e274" website new wonders of the world, from swings in Bali to Dubai&apos;s Frame]
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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.
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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.
 +
 
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The key objectives are:
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*to improve transparency of AI supported processes in the Fintech space
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*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.
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== Our COST Action FinAI==
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* [[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)]
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* [[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 ===
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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.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:
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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.  
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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 ==
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* 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 ==
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[[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 ==
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* 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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* [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?]
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== Contacts ==
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* [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 ==  
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[[Important_links#COST_Acknowlegdement]]
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== Disclaimers ==  
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*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
 +
 
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== COST FinAI Logo ==
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Please always use our [https://drive.google.com/file/d/18ZnYD50Rs2aAskUdnjnP-rGLDg1rLy7I/view?usp=sharing COST FinAI logo].
 +
 
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== 2023 COST Application ==
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[[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