AI in finance and society – challenges and opportunities

Conference Details
Event Emblem

Welcome to our 2-Day Event on AI and Fintech!

We are thrilled to host a two-day event where we will delve into the latest advancements in artificial intelligence (AI) and financial technology (Fintech). During this exciting event, we will bring together experts and participants from COST FinAI to explore various topics and initiatives.

Conference Highlights:

  • Presentations from WG1, WG2, Diversity, and Core Group Meeting: Our event will feature presentations covering a wide range of topics related to COST FinAI, including WG1, WG2, Diversity, and a Core group meeting.
  • PhD Presentations: We will have insightful presentations focusing on topics related to WG1 and WG2, providing a platform for young researchers to showcase their work.
  • Working Sessions: Engage in working sessions aimed at updating D1 Strategy to engage stakeholders and D14 regarding the Github account.
  • Diversity Group Presentations: Explore presentations dedicated to diversity within the field, fostering inclusivity and varied perspectives.
  • Round Table Discussions: Participate in round table discussions with stakeholders on topics regarding AI in finance and beyond, with the aim of setting the ground for updating D1 Strategy.

Event Objectives:

Our event aims to achieve several key objectives:

  • Transparency in Financial Services: We strive to enhance transparency within the financial services sector by facilitating discussions and sharing insights.
  • PhD Knowledge Transfer: We aim to bridge the gap between academia and industry by facilitating the transfer of knowledge and expertise.
  • Building Networks: By bringing together experts and researchers, we aim to create a robust network in Europe that fosters collaboration beyond the event's duration.
  • Supporting Young Researchers: We prioritize support for young researchers, particularly from ITC, to encourage their active participation and contribution.

Conference Location:

The conference will take place from Thursday, July 18, 2024, at 9:00 AM to Friday, July 19, 2024, at 11:00 AM CEST at the Universidad de Las Palmas de Gran Canaria, located at C. Juan de Quesada, 30 in Las Palmas de Gran Canaria, Spain.

Scientific Committee:

  • Ioana Coita
    University of Sofia, St. Kliment Ohridski; University of Oradea
  • Joerg Osterrieder
    Professor of Finance and Artificial Intelligence at University of Twente (Netherlands) and Professor of Sustainable Finance at BFH (Switzerland)
    E-mail: joerg.osterrieder@bfh.ch
  • Mutlu Akar
    Associate Professor/Mathematics, Yildiz Technical University
    E-mail: makar@yildiz.edu.tr
  • Gabin Taibi
    Doctorand, Institut Applied Data Science & Finance, Berner Fachhochschule Business School
    E-mail: gabin.taibi@bfh.ch
  • Yiting Liu
    Doctorand, Institut Applied Data Science & Finance, Berner Fachhochschule Business School
    E-mail: yiting.liu@bfh.ch
  • Codruta Mare
    Professor, Econometrics, Babes-Bolyai University
    E-mail: codruta.mare@econ.ubbcluj.ro
  • Liana Stanca
    Associate Prof., Business Information Systems, Babes-Bolyai University
    E-mail: liana.stanca@ubbcluj.ro
  • Stefana Belbe
    PhD Candidate, Cybernetics and Statistics, Babes-Bolyai University
    E-mail: stefana.cioban@ubbcluj.ro
  • Karolina Bolesta
    PhD Candidate, Cybernetics and Statistics, SGH Warsaw School of Economics
    E-mail: kbolesta96@gmail.com
  • Karsten Wenzlaff
    Professor, Economics, University of Hamburg
    E-mail: karsten.wenzlaff@uni-hamburg.de
  • Catarina Silva
    Associate Professor/Computer Science, University of Coimbra
    E-mail: catarina@dei.uc.pt
  • Maria Moloney
    Assistant Professor, UCD
    E-mail: maria.moloney@ucd.ie
  • Valerio Poti
    Professor, Economics, Rome University
    E-mail: valerio.poti@uniroma1.it
  • Marius Pop
    Researcher, Transilvania Bank
    E-mail: mariusvpop@gmail.com
  • Anastas Dzurovski
    Full Professor Economics & Law, University St Clemens of Ohrid Bitola
    E-mail: anastas.dzurovski@uklo.edu.mk
  • Hanna Kristín Skaftadóttir
    Asst. Prof/Business Intelligence, Iceland University
    E-mail: hks7@hi.is
  • Olivija Filipovska
    PhD Economics, Komercijalna Banka
    E-mail: olivijaf@gmail.com

Registration:

Register Here

Meetup:

Meetup

Zoom Meeting:

For July 18th: Join Zoom Meeting for July 18th

Conference Schedule

17th of July
18:30 - 20:00 Dinner/social event
18th of July
Time Session Speaker
9:30 - 10:00 Registration & Morning coffee
10:00 - 10:15 Opening from ULPGC and Introducing our COST Action and MSCA Digital Finance Joerg Osterrieder (joerg.osterrieder@utwente.nl), Berner Fachhochschule, University of Twente
10:15 - 10:40 Narrative finance Joerg Osterrieder, Gabin Taibi, Berner Fachhochschule, University of Twente
10:40 - 11:05 Responsible AI-based business process management and improvement Maria Moloney (maria.moloney@ucd.ie), UCD
11:05 - 11:30 Color of Change. Employee Perception of RPA Hanna Kristín Skaftadóttir (hks7@hi.is), University of Iceland
11:30 - 12:00 Coffee break
12:00 - 13:00 Working session on D7 Discussion papers (DP) on the methodology for evaluating/rating ICOs and crowdfunding/P2P platforms and for detection/early warning about fraud/illegal behaviour with emphasis on the application of AI tools Ioana Coita (coita.iflorina@gmail.com), University of Sofia St. Kiliment Ohridski
13:00 - 14:00 Lunch break
Session 2: WG2 presentations
Session Chair: Dr. Codruta Mare
14:00 - 14:20 Benchmarking Generations of Time Series Forecasting Models Daniel Traian Pele (danpele@ase.ro), Academy of Economics in Bucharest
14:20 - 14:40 The use of AI Tools for On-Boarding of new customers by Crowdfunding Platforms Karsten Wenzlaf (karsten.wenzlaff@uni-hamburg.de), University of Hamburg
14:40 - 15:00 Shareholders in the Driver’s Seat: Unraveling the Impact on Financial Performance in Latvian Fintech Companies Ramona Rupeika-Apoga, University of Latvia
15:00 - 15:20 AI modeling and decision-making in customer risk rating related with Anti money laundering. Rule based approach limitations reassessed. Anastas Dzurovski (anastas.dzurovski@uklo.edu.mk), State University St Clemens of Ohrid Bitola
15:20-15:40 Coffee break
15:40 - 16:00 Innovation Process Management in Green Finance Olivija Filipovska (olivijaf@gmail.com), Komercijalna Banka
16:00 - 16:20 AI Models for Generating "Failed Trials" of Investment Product Producers Karolina Bolesta (kbolesta96@gmail.com), Warsaw School of Economics / BFH
16:40 - 18:30 Trip to Las Palmas centre
18:30 - 20:00 Dinner

For July 19th: Join Zoom Meeting for July 19th

19th of July
Time Session Speaker
09:30 - 10:00 Morning coffee
Session 3: Core group/ talks
10:00 - 10:30 Core group meeting Joerg Osterrieder (joerg.osterrieder@utwente.nl), Berner Fachhochschule, University of Twente, Switzerland
10:30 - 10:40 Evaluating the use of LLM in fraud detection using crowdfunding and p2p data Stefana Belbe (stefana.cioban@ubbcluj.ro), BBU, Romania
10:40 - 11:00 Rethink project presentation Diana Mihaiu (diana.mihaiu@ulbsibiu.ro), University of Lucian Blaga from Sibiu, Romania
11:00 - 12:00 Panel session: AI for social good Matilda Barrow (matildabarrow@hotmail.com), Thomson Reuters, UK
Maria Moloney (maria.moloney@ucd.ie), UCD, UK
Marius Pop (mariusvpop@gmail.com), Transilvania Bank, Romania
Hanna Kristín Skaftadóttir (hks7@hi.is), University of Iceland, Iceland
Ioana Coita (coita.iflorina@gmail.com), University of Sofia St. Kiliment Ohridski, Bulgaria
12:00 - 12:15 Coffee break
12:15 - 13:30 Working session on D16 Science Communication Plan Ioana Coita (coita.iflorina@gmail.com), University of Sofia St. Kiliment Ohridski, Bulgaria
13:30 - 14:30 Lunch break
Session 4: WG presentations/ Deliverables update
14:30 - 14:55 AI for Tax: Thomson Reuters ChatGPT tool for taxation Matilda Barrow (matildabarrow@hotmail.com), Thomson Reuters, UK
14:55 - 15:50 Panel session: AI for fraud detection - P2P lending, asset markets, investments Karsten Wenzlaf (karsten.wenzlaff@uni-hamburg.de), University of Hamburg, DE
Anastas Dzurovski (anastas.dzurovski@uklo.edu.mk), State University St Clemens of Ohrid Bitola, N.Macedonia
Daniel Pele (danpele@ase.ro), Academy of Economics in Bucharest, Romania
Ramona Rupeika-Apoga, University of Latvia, Latvia
Dr. Joerg Osterrieder (joerg.osterrieder@utwente.nl), Berner Fachhochschule, University of Twente, Switzerland
15:50 - 16:10 Coffee break
15:45-16:10 2024 Fintech Report Türkiye Belma Ozturkkal, Kadir Has University, Türkiye
16:10 - 16:30 Detecting crypto behaviour sentiment for identifying risky behaviour Gabin Taibi (gabin.taibi@bfh.ch), Berner Fachhochschule, University of Twente, Switzerland
18:30 - 20:00 Dinner

Organisation committee:

  • Ioana Coita
    University of Sofia, St. Kliment Ohridski; University of Oradea
  • Joerg Osterrieder
    Professor of Finance and Artificial Intelligence at University of Twente (Netherlands) and Professor of Sustainable Finance at BFH (Switzerland)
    E-mail: joerg.osterrieder@bfh.ch
  • Mutlu Akar
    Associate Professor/Mathematics, Yildiz Technical University
    E-mail: makar@yildiz.edu.tr
  • Gaibi Tabin
    Doctorand, Institut Applied Data Science & Finance, Berner Fachhochschule Business School
    E-mail: gabin.taibi@bfh.ch
  • Yiting Liu
    Doctorand, Institut Applied Data Science & Finance, Berner Fachhochschule Business School
    E-mail: yiting.liu@bfh.ch
  • Karolina Bolesta
    PhD Candidate, Cybernetics and Statistics, SGH Warsaw School of Economics
    E-mail: kbolesta96@gmail.com
  • Codruta Mare
    Professor, Econometrics, Babes-Bolyai University
    E-mail: codruta.mare@econ.ubbcluj.ro
  • Liana Stanca
    Associate Prof., Business Information Systems, Babes-Bolyai University
    E-mail: liana.stanca@ubbcluj.ro
  • Stefana Belbe
    PhD Candidate, Cybernetics and Statistics, Babes-Bolyai University
    E-mail: stefana.cioban@ubbcluj.ro

Location:

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