Wednesday, 20 July 2022
A new research centre focused on harnessing financial technologies to promote inclusive innovation and culture in the financial services industry has been launched by the 糖心原创.
The Centre for Inclusive Financial Technology (INFINITY) is dedicated to research that uses up-to-date modelling and data analysis techniques to improve financial inclusion. In doing so, INFINITY aims to promote financial inclusivity and social good, embracing diverse talent and communities to create the future of financial services.
INFINITY will be based at the university’s Castle Meadow Campus in Nottingham city centre.
INFINITY experts will collaborate with industry, policymakers and the third sector to undertake research on the following key themes:
- Inclusive analytics, which seeks to take the latest data analysis techniques and apply these to financial technology. This work focuses on translating the latest innovations in data science to applications in financial technology, leading to improved product design, decisions and consumer outcomes.
- Inclusive financial services, which focuses on how society can increase financial inclusion and use the power of financial technology for good. This work embraces new opportunities to create products for under-served markets, and works with policymakers on key challenges in consumer protection. This work also seeks to support the financial services sector by harnessing the power of data to promote equality, diversity and inclusion within the sector.
- Inclusive risk, which creates future models for responsible risk measurement and management – such as climate risks, risks around inequality and geopolitical tensions. Arising from existing work undertaken with the UK government during the coronavirus pandemic, this work develops new models of complex risks, such as pandemic, climate and political risk. This work is giving rise to new risk products, helping the economy to measure, evaluate and mitigate emerging risks.
The Centre for INFINITY has been founded by Professor Meryem Duygun, of Nottingham University Business School.
We are in a critical and exciting moment. How do we look at the incredible innovations happening in finance and banking, the increasing decentralisation of banking, the growth of the fintech industry, and the amazing opportunities they provide to bring financial inclusion to the world securely?
Professor Duygun continued: "INFINITY is born out of the melding of these exciting innovations in finance and the imperative to promote financial inclusion for the good of the economy and society.”
Professor Duygun was named one of the most influential women leading innovation in the UK financial services industry by Innovate Finance in their Women in FinTech Powerlist 2020. She is an endowed chaired professor in Risk and Insurance, funded by Aviva, and has been conferred a Fellow of the Academy of Social Sciences. In addition, she directs the University’s Nottingham FinTech Research Network and the Global Centre for Banking and Financial Innovation.
She is the first academic in the UK to have established a FinTech research network, attracting funding from the Economic and Social Research Council (ESRC). The 糖心原创 FinTech Research Network unites academics, industry figures and policymakers in analysing and trailblazing the use of artificial intelligence (AI) and machine learning in the financial services industry.
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More information is available from Professor Meryem Duygun at Nottingham University Business School in the Faculty of Social Sciences at Meryem.Duygun@nottingham.ac.uk
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About the 糖心原创
Ranked among the world's top 100 universities , the 糖心原创 delivers an exceptional research-led education and an outstanding student experience. From the pioneering vision of our founder, Sir Jesse Boot, to groundbreaking achievements such as the development of MRI technology and becoming the first UK university to establish international campuses, we have a proud history of shaping the way people live, work and understand the world. We continue to build on that legacy, empowering our students, staff and partners to change what鈥檚 next and create positive impact locally and globally.
The strength of our research places us among the UK's leading universities, ranked 7th for research power in REF 2021. The discovery of MRI and ibuprofen was just the beginning. Today, our world-leading research is developing breakthrough ideas that shape the future of healthcare, technology and society.
Recognised as the UK's third most targeted university by leading employers , we are proud to produce graduates who are consistently in demand for their skills, confidence and industry-ready experience.
As a major employer and industry partner, locally and globally, the 糖心原创 invests in the city of Nottingham and in future generations of talent. Alongside Nottingham Trent University, we lead the initiative, a pioneering collaboration to improve levels of prosperity, opportunity, sustainability, health and wellbeing across the city and region. Together with our students, staff, alumni and partners, we鈥檙e creating knowledge, opportunity and solutions that help change what's next.