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4

Innovation Projects

Cluster members in NCE Finance Innovation engage in various collaborative projects, such as our ongoing projects: fraud detection and automated compliance reporting.

Together with our members we continuously scope out potential projects which can be facilitated by the cluster.

Our projects are based on input from members, current trends, regulation and whatever else that moves in the fintech ecosystem.

Here is a snapshot of our ongoing projects as well as the ones the we've completed:  

Ongoing projects/

Detection of Insurance Fraud

Insurance fraud is costing insurers substantial sums each year, which in turn causes increased premiums for honest customers. Developing better measures to detect and prevent fraud cases could therefore have positive impacts on several levels.

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Automated Compliance Reporting

Nordic financial institutions face increasing regulatory demands in their compliance reporting. Consequently, significant resources are spent on manually delivering the required data to financial authorities, who in turn needs to process the deliveries on their end.

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ESG Data Scoring

Environmental, Social and Corporate Governance (ESG) cluster project initiated in 2021 with Quantfol.io, Sparebanken Vest and Sparebanken Sogn & Fjordane.

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Completed Projects/

PSD2 - Speeding up implementation of new EU payment directive for increased

The project facilitated the implementation of a solution for sharing accounts and transactions between the banks Sbanken, Sparebanken Vest and Sparebanken Sogn og Fjordane. This was done in cooperation with Evry (tech) and PwC (legal) a year before it was required legally.

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Get in touch!

Contact the team if you have project ideas and we'll have a chat