projects

NCE Finance Innovation cluster is currently running a selection of projects with and for its members.  There is a backlog of projects based on previous cross-member sessions.  More ideas will be added here based on input from members, general fintech trends and various collaboration activities.

The prioritization of the projects is done by NCE Finance Innovation in close cooperation with the board.  Please get in touch with any requests or send the request through your board member if relevant.

To get involved in any of the projects, sign up for the newsletter (LINK) and check the relevant topics and also get in touch with us on directly on info@financeinnovation.no

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PSD2

Speeding up implementation of new EU payment directive for increased competitativeness

The project has facilitated the implementation of a solution for sharing accounts and transactions between the banks Sbanken, Sparebanken Vest and Sparebanken Sogn og Fjordane (link til news).  This has been done in cooperation with Evry (tech) and PwC (legal).

Work is ongoing to extend the solution to also include payments and extend the co-operation with more banks.

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From Data to Insight – BI/ML

Sharing data and know-how to create better insights and new opportunities

The project has mapped the needs and a wide set of suggestions among a large group of participants within the field of machine learning on a large shared data-set.  This has been narrowed down to a pilot on the reduction of insurance fraud.

The project is currently establishing the legal basis for the project cooperation and refining the first data sets for the pilots.  Currently the involved parties are Tryg, Frende, NHH, DNB Liv, Nordea, UiB, with PwC as a legal partner.

As part of the pilot work is ongoing to attract more participants to increase the data-pool.  Collaboration with other initiatives/organisations such as FinansNorge is being investigated.

The project is expected to be extended to other use-cases with more/other participants as a follow-up of the pilot.

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KYC

Collaborating to improve digital onboarding of customers through improved Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) processes

The project has mapped a wide need and interest in KYC.  The interest is based on changing requirements and improvements in datagathering and services nationally and internationally.

Ongoing work is related to establishing a series fo knowledge exchange / discussion sessions with contributions from relevant parties within or outside of our members.

There is still potential within this topic to re-establish a more specific project seeking to develop a shared service across the member organisations.