About PROFIT

Promoting Financial Awareness & Stability

AIM

PROFIT aims at promoting the financial awareness and improve the financial capability of citizens and market participants.

WHY

Recent global economic and financial developments have brought to the fore of the policy agenda the need for citizens to follow and understand financial trends and threats, national accounts and economic developments.

The ultimate goal is the promotion of more responsible and prudent personal financial behaviour. From an open-democracy perspective, it can be conducive to more active forms of participation and citizenship.

HOW

By developing a platform with the following functionalities:

  • Personal financial educational toolkits available to the wider public
  • Crowdsourcing tools that will process financial data and extract and present collective knowledge
  • Advanced forecasting models that exploit the market sentiment in order to identify market trends and threats
  • Novel personalized recommendation systems to support financial management according to the user’s profile
  • Incentives to encourage the active participation and contribution of citizens through many different channels (e.g. posting & rating of financial articles, voting in relevant polls, questions & fora)

Learn more about the project at the PROFIT website.