Professor John Kelleher, DIT will lead on machine learning for 'FinTech Fusions', a €5 million research programme in the ADAPT research centre which will advance innovations in Blockchain and Financial Technology (FinTech).
Minister for Finance and Public Expenditure and Reform, Paschal Donohoe T.D., and the ADAPT Centre for Digital Content Technology, a Science Foundation Ireland Research Centre, announced the academic and industry research partnership last week in Dublin city centre. FinTech Fusion will encourage breakthroughs in payment (PayTech), regulation (RegTech) and insurance (InsureTech) technologies by accelerating scientific progress and enabling data-driven research.
The rapid advancements in Artificial Intelligence, mobile applications, cloud computing, Big Data analytics and distributed ledger technology such as Blockchain has demanded organisations change in order to remain competitive. FinTech Fusion’s research programme will address how financial technology is disrupting and transforming businesses from financial institutions to technology companies, along with the retail and wholesale financial sector, and lead on innovations that are capable of creating significant change in financial services, on a global scale.
Speaking at the launch of FinTech Fusion, Minister Donohoe said: “The collaboration between industry and third level institutions in research programmes, such as FinTech Fusion, gives Ireland an early advantage in emerging technologies. Coupled with our open economy and strong background in both technology and financial services, this will add to the opportunities already available for the creation of higher value jobs. The investment in ADAPT, from Science Foundation Ireland, is part of the Irish Government’s wider effort to invest in research, support innovation and build Ireland’s knowledge and skills, creating a global hub for digital content technologies. I look forward to the future innovations coming from the ADAPT Centre as it continues to provide cutting-edge solutions to the problems of our digital age.”
Science Foundation Ireland will provide €2 million of the funding, with the balance coming from research agreements with industry partners bringing the total project in excess of €5 million.
FinTech Fusion’s academic researchers will work together with more than a dozen companies including Deutsche Börse, Fidelity Investments, Microsoft, Gecko Governance, FINEOS and Zurich, to develop FinTech innovations that will have the potential to impact economies, markets, companies and individuals.
FinTech Fusion will be led by the ADAPT SFI Research Centre, headquartered at Trinity College Dublin and funded by Science Foundation Ireland. It will involve researchers from three existing SFI Research Centres – ADAPT, Insight and Lero, based in five academic institutions around the country, including DIT. It is also supported by the IDA, FinTech and Payments Association of Ireland, Insurance Ireland, and Columbia University.
DIT Computing 2018. For More Information Contact Prof. John Kelleher (email@example.com)