H2020 – PROFIT: Promoting Financial Awareness and Stability (2016 – 2018)

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Approved for funding by the EU Commission in August 2015, the PROFIT project will develop an online platform for enhancing financial literacy among EU citizens and devising innovative solutions to financial crises. The project aims at developing a novel, knowledge-aware platform to ensure informed financial decision-making based on mining knowledge from multi-source, multidisciplinary, and heterogeneous groups and ‘crowds’. Using wide information monitoring, cognitive information refining, suitable presentation methods such as voting and visualization trend extraction in conjunction with advanced financial forecasting models, PROFIT endeavours to form a robust financial awareness platform where user entities will be acquainted to financial terms, and gain knowledge regarding financial trends. The project officially started in January 2016 with a meeting of the whole consortium in Bratislava, Slovakia and will last for 3 years, until December 2018. FEBEA is participating along with six of its members: APS, Credal, Ebanka, Sklad05, Cooperative Bank of Karditsa and FCRE – Fondazione Culturale Responsabilità Etica (via subcontracting). SEFEA, as the operational tool of the Federation, acts as coordinator of the activities of the members involved in the project. FEBEA and its members will provide their expertise on mechanisms/tools in order to foster financial literacy and awareness. In addition to this, FEBEA members will involve their individual clients/members in order to test the Platform and provide feedbacks to improve its design and functioning. The members of the Consortium are: EEA SRO (Slovakia- Leader Partner), Ethniko Kentro Erevnas Kai Technologikis Anaptyxis (Greece), University Of Glasgow (UK), Democritus University Of Thrace (Greece), Semantic Web Company Gmbh (Austria)