Semantic Technology for Financial Awareness

Satsiou, A., Revenko, A., Praggidis, I., Karapistoli, E., Panos, G., Bouzanis, C. and Kompatsiaris, I. (2016) Semantic Technology for Financial Awareness. 12th International Conference on Semantic Systems (SEMANTiCS 2016), Leipzig, Germany, 12-15 Sep 2016.

Satsiou, A., Revenko, A., Praggidis, I., Karapistoli, E., Panos, G., Bouzanis, C. and Kompatsiaris, I. (2016) Semantic Technology for Financial Awareness. 12th International Conference on Semantic Systems (SEMANTiCS 2016), Leipzig, Germany, 12-15 Sep 2016.

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Abstract

This paper sheds light on how semantic technology can be a key driver for promoting financial awareness and capability, through the presentation of the ideas behind the PROFIT platform and its functionalities. The PROFIT platform is designed by the newly funded namesake EU project, as a solution catering to the exact need of action enhancement for greater financial awareness and capability that has been identified as a major target for improved social performance, personal and household finance protection and, ultimately, greater societal well-being. Towards this goal, the platform will provide the following functionalities that are based on semantic technology: a) a novel financial education toolkit available to the wider public (b) advanced crowd-sourcing tools to process financial data, extract and present collective knowledge, (c) financial forecasting models exploiting the market sentiment to identify market trends and threats, (d) novel personalized recommendation systems to support financial decisions according to the user’s profile (financial literacy level, interests, demographic characteristics etc.) (e) a reputation-based incentive scheme to motivate good quality contributions to the platform.

Item Type:Conference or Workshop Item
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Bouzanis, Dr Christoforos and Panos, Professor Georgios
Authors: Satsiou, A., Revenko, A., Praggidis, I., Karapistoli, E., Panos, G., Bouzanis, C., and Kompatsiaris, I.
College/School:College of Social Sciences > Adam Smith Business School > Accounting and Finance
Copyright Holders:Copyright © 2016 The Authors
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Project CodeAward NoProject NamePrincipal InvestigatorFunder's NameFunder RefLead Dept
701921PROFITGeorgios PanosEuropean Commission (EC)687895BUS - ACCOUNTING & FINANCE