Asst. Prof. Nadi Serhan Aydın, Department of Industrial Engineering, joined the COST Action on Fintech and Artificial Intelligence in Finance (FinAI) themed “Towards a transparent financial industry”. The Action will investigate AI and Fintech from three different angles: Transparency in FinTech, Transparent versus Black Box Decision-Support Models in the Financial Industry and Transparency into Investment Product Performance for Clients. The Action will bridge the gap between academia, industry, the public and governmental organisations by working in an interdisciplinary way across Europe and focusing on innovation. The key objectives are:
to improve transparency of AI supported processes in the Fintech space
to address the disparity between the proliferation in AI models within the financial industry for risk assessment and decision-making, and the limited insight the public has in its consequences by developing policy papers and methods to increase transparency
to develop methods to scrutinize the quality of products, especially rule-based “smart beta” ones, across the asset management, banking and insurance industries.
For more information: https://www.cost.eu/actions/CA19130 and https://fin-ai.eu