Ethics in AI and Digital Finance

Ethics in AI and Digital Finance
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During a 2 day event we will host presentations from WG1, WG2, Diversity and a Core group meeting on COST FinAI Topics. All speakers and participants will be from COST FinAI, with focus on those with active participation. There will be 0.5 day talks including PhD presentations on topics related to WG1 and WG2. 0.25 day working session for updating D1 Strategy to engage stakeholders and 0.25 day for updating D7. Secondly, 0.25 day will be allocated for Core group meeting and presenting the call for publications for an edited volume belonging to the event, 0.5 day for Diversity group presentations and 0.25 round table discussion with stakeholders' on topics regarding to AI in finance and beyond, with the goal of setting the ground for updating D1 Strategy.


This event will contribute to the reaching our Action's objectives of transparency in financial services, transfer of knowledge from academia to industry and bridge the gap between practitioners from the finance industry, academics and regulators by setting up a common knowledge exchange platform. It will also contribute to the objective of creating an excellent network of researchers in Europe with lasting collaboration beyond the lifetime of the Action. We will have at least 5 countries from our members that will be involved in the organization and participation to the event. They will also join the scientific committee.

Support, taking COST FinAI contributions into account, will be prioritised:

  • Young researchers from ITC
  • ITC
  • Young researchers non-ITC

Funds will only be paid, even if an invite for reimbursement is issued, if all COST rules for the entire activity are adhered to. Overall priority of funding is given to active contributors to the COST Action as evidenced by output with COST acknowledgements and DOIs as well as COST country reports and contributions to the edited volume. Reimbursement is also conditional on attending 80% of the time on each day.

Zoom link
Location Room A5.4
9th of July
18:30 - 20:00 Dinner/social event
Day 1
10th of July
Session 1: WG1 presentations
9:30 - 10:00 Registration & Morning coffee
10:00-10:15 Introduction Catarina & Joana, Joerg
10:15-10:45 "A Bibliometric Analysis of Transparency AI in Fintech with Emphasis on Gender Dynamics (tentative title)"
Gonçalo Leitão, Catarina Silva, Bernardete Ribeiro, Joana Matos Dias, University of Coimbra, Portugal
10:45-11.15 LLM Explainability through Knowledge Extraction in Fintech
Bruno Ferreira, University of Coimbra, Netherlands
11:15-11:45 Coffee
11:45-12:15 The use of AI in law enforcement: ethical and legal considerations
Susana Aires de sousa, University of Coimbra, Portugal
12:00-13:00 Working session on D7
Ioana Coita, University of Sofia St. Kiliment Ohridski, Bulgaria
13:00-15.00 Lunch break
Session 2: WG2 presentation
15:00-15.30 The potential of XAI & Agentic AI in FinTech
Stefana Belbe, Liana Stanca,, BBU, Romania
15:30-16:00 Proprietary issues of digital assets
Armela Baka, University of Tirana, Albania
17:00 - 18.30 Trip to old university
19:00 - 23:00 Dinner in the old town
Day 2
11th of July
09:30-10:00 Morning coffee
Session 3: Core group/ talks
9:30 - 10:00 Registration & Morning coffee
10:00-10:30 Core group meeting
Joerg Osterrieder, Berner Fachhochschule, University of Twente, Switzerland
10:30-11.00 Ethical considerations in blockchain research
Frédérik Sinan Bernard, University of Twente, Netherlands
11:00-11.30 AI driven tax policies and income equality
Anastas Dzurovski, University St Kliment Ohridski Bitola, N. Macedonia
11:30-12:00 Coffee
12:00-12:30 Machine Learning
Suela Maxhelaku, University of Tirana, Albania
12:30-13:00 Synthesia
Hanna Kristín Skaftadóttir, University of Iceland, Iceland
13:00-13:15 Working session on deliverable 14
Anastas Dzurovski, University St Kliment Ohridski Bitola, N. Macedonia
13:15-15:15 Lunch break
Session 4: WG presentations/ Deliverables update
15:15-15:45 Dynamic relationship between fundamental factors and day-ahead electricity prices
Eleftheria Paschalidou, Aristotle University of Thessaloniki, Greece
15:45-16:00 AI modeling and decision-making in customer risk rating related with Anti money laundering. Rule based approach limitations reassessed.
Anastas Dzurovski, State University St Clemens of Ohrid Bitola, N. Macedonia
16:00 - 16:20 New methods in AI
Mutlu Akar, Yildiz Technical University, Türkiye
17:00-19:00 Visit
19:00 - 23:00 Dinner
Accommodation suggestions
Ibis Coimbra Metro direct to train/bus station (3 stops)
Astoria Then, bus or train
Penedo da Saudade Then, bus or train
Botanico de Coimbra Then, bus or train
Also Airbnb
Flixbus Travel from Lisbon airport / Travel from Porto airport
Rede Expressos Travel from Lisbon airport / Travel from Porto airport
CP - Comboios de Portugal Travel from Lisbon airport / Travel from Porto airport