Despite rising investments on BigData, AI and IoT in finance/insurance, financial and insurance organisations are still facing many challenges (i.e. data “silos”, regulatory complexity, lack of testbed resources) in realizing the full potential of these technologies. INFINITECH is a joint effort of global leaders in ICT and finance towards lowering the barriers for BigData/IoT/AI driven innovation, boosting regulatory compliance and stimulating additional investments. It will provide: 1)Novel BigData/IoT technologies for seamless management and querying of all types of data (e.g., OLAP/OLTP, structured/unstructured/semi-structured, data streaming & data at rest), interoperable data analytics, blockchain-based data sharing, real-time analytics, as well as libraries of advanced AI algorithms. 2)Regulatory tools incorporating various data governance capabilities (e.g. anonymization, eIDAS integration) and facilitating compliance to regulations (e.g., PSD2, 4AMLD, MIFiD II). 3)Nine novel and configurable testbeds & sandboxes, each one offering Open APIs and other resources for validating autonomous and personalized solutions, including a unique collection of data assets for finance/insurance. The project’s results will be validated in the scope of 14 high impact pilots providing complete coverage of the sectors, including Know Your Customer (KYC), customer analytics, personalized portfolio management, credit risk assessment, preventive financial crime analysis, fraud anticipation, usage based insurance, agro-insurance and more. INFINITECH will establish a market platform that will provide access to the project’s solutions, along with a Virtualized Digital Innovation Hub (VDIH) that will support innovators (FinTech/InsuranceTech) in their BigData/AI/IoT endeavors. Based on their strong footprint in the European digital finance ecosystem, the partners will engage stakeholders from all EU-28 countries, making INFINITECH synonymous to disruptive BigData/AI innovation in the target sectors.

To advance towards the strategic goal of achieving both a tangible and effective increase in cybersecurity/resilience and a more secure online environment across the EU with technological sovereignty, a fundamental pillar will be the implementation of a secure and efficient transition from pre- to post-quantum cryptography sustained on tools implementing a hybrid approach. POSEIDON will pave a credible pathway in this regard by developing novel digital technological capabilities in this domain, and by evaluating them in realistic high-impact scenarios. The developed techniques will innovate at the level of more mature, scalable PQC algorithms including HW optimization and support, identity protocols based on them, and methodologies to facilitate integration in different systems. They will support to the maximum extent protection of data both at rest and in transit (confidentiality, integrity, authenticity) and will implement measures and provide application-oriented recommendations to incumbent stakeholders and fora (institutional level like NIS PQC subgroup and EUDI Cooperation Group, public-private partnerships, associations like ECSO with Working groups dealing with cybersecurity priorities, among others) for the widespread industrial adoption of post-quantum crypto. Specifically, POSEIDON will focus on providing robust and reliable solutions in digital identity management applications, given the critical importance of protecting citizens and businesses against the rising threats of identity-centric cyberattacks (i.e. identity compromises and misuse of valid credentials among others. POSEIDON will address the provision of crypto-agile, PQC-ready identity tools in a moment where new applications are being introduced for pan-European digital identity aligning with EU advancements and security policy like NIS2, CRA, CSA, etc