Banking & Payments Federation Ireland
Pilot #3: Personalized Collaborative Intelligence for Enhancing EmFi Services
Partner(s):
National University of Ireland Galway
JRC Capital Management Consultancy & Research GmbH
This solution simplifies financial management for businesses by integrating advanced AI, blockchain, and analytics. It improves transactional efficiency, compliance, and security, enabling companies to focus on growth while navigating complex financial landscapes.
Detailed description and Objectives
Embedded within the FAME project, this pilot addresses the challenges of managing complex financial transactions and regulatory compliance. The integrated financial management tool uses cutting-edge technologies like AI and blockchain to enhance accuracy and security.
The primary aim is to simplify financial operations, allowing businesses to focus on core activities. By consolidating and analyzing data across institutions, the solution offers insights for better decision-making and drives efficiency. This positions the platform as a leader in innovative fintech solutions.
FAME Applications
The FAME Marketplace will leverage analytical tools such as XAI, Energy Efficient Analytics, and FML to analyze datasets from multiple payment providers, including BPFI, alongside alternative data sources like news, blogs, and social media. The Marketplace will support data pricing and facilitate the buying and selling of data assets within the marketplace.
Use Case 1: Pay Facts-as-a-Service for Embedded Payments
Use Case 2: Anti Money Laundering (AML) as a Service
Use Case 1: Pay Facts-as-a-Service for Embedded Payments
This use case leverages FAME’s marketplace to trade data insights as “facts.” Payment providers access consolidated datasets to enhance services such as onboarding, personalization, and credit risk scoring.
Use Case 2: Anti Money Laundering (AML) as a Service
By analyzing payment data, this use case identifies links to fraudulent activities, providing AML tools for finance developers. The service ensures robust compliance for businesses.
To get in touch with a representative of Pilot #3, write to us at info@fame-horizon.eu
