Working group WG1 stimulates discussion and awareness of transparency of Fintech applications. Modern Machine Learning, Blockchain analytics and Big Data Mining are in the focus of WG1 with the aim to propose transparent implementable solutions.
Fintech benefits are seen in reducing asymmetries of information and in improving efficiency but these can be hampered by poor applicability of computer generated mechanics. WG1 solutions provide signals for increased risks, generated by e.g. sampling biases, risk of fraud.