PROFIT @DSI Fair 2017

PROFIT project participated at Digital Social Innovation Fair 2017 which took place at Rome, 1-2 February 2017

PROFIT Project at Digital Social Innovation Fair 2017

Don’t miss the Digital Social Innovation Fair 2017 at Rome, 1-2 February 2017.The PROFIT project will also participate! The DSI Fair 2017 offers a rich program featuring an international conference, focused workshops, networking and hands-on sessions. The line-up of speakers includes experts and practitioners, as well as policy makers and civil society players from all […]

PROFIT Project at event for the European Microfinance Day

PROFIT Project will be presented at a workshop that will take place on Thursday 20 October 2016 in Thessaloniki (Greece) for the European Microfinance Day.

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IFIN 2016 Workshop Report

The 1st International Workshop on the Internet for Financial Collective Awareness & Intelligence (IFIN 2016), organized by the PROFIT Project, was successfully held at Florence, Italy, in conjunction with the 3rd International Conference on Internet Science (INSCI 2016). The workshop took place on Monday 12th September, and lasted from 13:00 to 19:00. It included presentations of related work as well as a roundtable interactive discussion with all participants, and was aimed at initiating a multidisciplinary dialogue on how we can use the Internet in order to promote financial awareness and capability among citizens.

Under the first part, key ideas from the PROFIT project were presented and discussed. Additionally, contributions from the wider scientific community focused on the particular field, were also presented, upon acceptance through an open call for papers. More specifically, the agenda of the workshop included a keynote speech by professor Steve Schifferes titled “The Web & and the Challenge of Financial Literacy”, as well as several other presentations on various topics. You can read or download the presentations from here.

Under the second part, an interactive discussion with the audience in a roundtable fashion being led by experts was initiated. The audience was encouraged to discuss their ideas and views on the purposes, services, and boundaries an online financial awareness platform should have. Furthermore, issues such as anonymity and privacy on a financial awareness platform, as well as the challenge of maximizing its social impact, were also discussed, and useful conclusions for the PROFIT Project were drawn.

The participants of the workshop came from a highly multidisciplinary background; they consisted of experts and professionals as well as academics and researchers in the financial sector and economics, computer science and IT, social sciences, etc. The audience also varied greatly in age, comprising young researchers/professionals in their late 20s, as well as more mature participants.

The particular workshop helped initiating a fruitful and interdisciplinary discussion on various issues, including the state of financial literacy among EU citizens, the use of the Internet and Web 2.0 tools for promoting financial literacy, the PROFIT financial awareness platform functionalities and services, the use of semantic web technologies for advanced analysis of financial news corpora, etc.

You can access the full report on the IFIN 2016 Workshop from here.


IFIN 2016 Workshop Registration & Program

The program of the 1st International Workshop on the Internet for Financial Collective Awareness and Intelligence (IFIN 2016), organized by the PROFIT Project, is now available through its website:

The workshop will take place at Florence, Italy, on Monday 12 September 2016, in conjuction with the 3rd International Conference on Internet Science (INSCI 2016) and it will last from 13:00 to 19:00. Keynote speaker will be Steve Schifferes, professor of Financial Journalism in City University London, and will talk about the Web and the challenge of financial literacy.

Registrations are open! Although participation in the workshop is free, early registration is recommended. Please register following this link.

Promoting Financial Literacy on NetFutures

Digital single market of the EU is a great opportunity for businesses, but also for the societal actions like financial literacy upgrade. The connected society enabled collective awareness to occur in Europe.

NetFutures2_web  NetFutures1_web

PROFIT must seek attractive ways how to increase the financial literacy of the online nation. This was the main message of our participation to NetFutures conference and exhibition. The consortium had a chance to meet other CAPS projects and talk to the ICT-literate community.

NetFutures3_web  NetFutures4_web

IFIN 2016 Workshop organized by PROFIT

IFIN 2016 – 1st International Workshop on the Internet for Financial Collective Awareness & Intelligence
in conjuction with the 3rd International Conference on Internet Science (INSCI 2016)

IFIN 2016 Workshop

The 1st International Workshop on the Internet for Financial Collective Awareness and Intelligence (IFIN 2016), organized by the PROFIT Project, will take place at Florence, Italy, on 12 September 2016, in conjuction with the 3rd International Conference on Internet Science (INSCI 2016).
IFIN seeks to open a multidisciplinary dialogue on how we could use the Internet to promote financial awareness and capability among citizens. Towards this goal, IFIN workshop will consist of two parts:
  • presentation of related work
  • roundtable interactive discussions with participants

Under the first part, it will also present key ideas from the recently initiated PROFIT Project, as well as contributions from the wider scientific community. Please visit: for more information on the topics of the workshop.

Under the second part, it will enable interactive discussions with the audience in a roundtable fashion being led by experts.

Paper submission deadline is 15 June 2016.

For more information on the scope and the topics of the workshop, please visit:

Report from the First User Day

On the 16th of March, only three months after the launch of the PROFIT project, we held the first event in Brussels, in the context of the Global Money Week. At the User Day were present representatives of the Consortium in charge of the implementation of PROFIT, as well as experts in the fields of finance, economics, EU institutions and European networks. Members of the User Forum were also present. The User Forum is a committee of experts that will provide the project with regular feedback and includes representatives of all key stakeholders, as well as high-profile experts in the area.

During the User Day, Consortium members and attendees were able to introduce themselves in order to get to know each other. Some User Forum members had their own brief presentation which touched on similar projects or goals.

Consortium members provided a description of the project, of financial literacy and on the progress that has been made so far. Special attention was devoted to the creation of user cases and scenarios, with the related questionnaires & methodology. This work will feed into the construction of the PROFIT platform.

Afterwards there was a lively discussion involving all attendees, analysing the methodology and the questionnaires. Feedback was provided by everyone and it was agreed that we continue the discussion in the following weeks. Both the User Forum present at the event and the other guests provided useful insight and the plan is to keep all of them informed in the developments of the project.

Highlights from the User Day

The main points of the discussion during the User Day were:

  • Importance of translation of the Platform (and also of the questionnaires and other relevant material to be distributed to users) in local languages, to allow the involvement of all User Groups (elderly);
  • Need to take into consideration language barriers for the involvement of minority groups;
  • Need to differentiate the general approach of the Platform and related incentive mechanism according to target User groups (for example for older/younger people);
  • Need to take in consideration gender differences in the analysis;
  • Regarding the questionnaire, it was discussed if it would be better to consider “Females” as a specific User Group or if it would be more convenient to analyse the gender differences across all User Groups (through a question asking to specify the gender of the respondent);
  • Need to consider possible difficulties by the respondents in understanding specific technical terms (credit score, interest rates,..): need to add a “I don’t know” option in all questions. Need any way to describe possible features of the platform in a familiar way;
  • It was discussed if it would make sense to define a set of questions that can be skipped according to the answer to previous questions, or to add specific questions tailored for specific User groups;
  • Importance to keep the questionnaire short (max 15min for compilation) in order to keep the respondents focused.

This feedback was invaluable and it will help us in the next phases of the project.

Keep an eye on the PROFIT website for the next events!

1st PROFIT User Day at Global Money Week

Meet the PROFIT team working on collective awareness for better financial decisions and stability and talk about requirements for various user groups in an event collocated with Global Money week.

Date and time: 16th March 2016 2PM – 6PM

Meeting venue: Social Economy Europe, Rue Botanique 75 (3rd floor), Brussels

Programme of the event:

  • 14:00-14:15 Registration
  • 14:15-15:00 Project outline: Consortium, PROFIT platform, scope, target, timeplan
  • 15:00-15:30 User Forum: User Forum members present themselves
  • 15:30-16:30 Where we are now: User Cases and Scenarios, methodology,
  • Questionnaires (quantitative, qualitative, target groups)
  • 16:30-17:30 Q&A session with the audience/User Forum to gather feedback
  • 17:30-18:00 Closing: final thoughts & next steps

Please confirm your presence by Friday, 11th of March

For further information and registration, please contact: or