{"id":10063386,"date":"2021-04-28T12:04:28","date_gmt":"2021-04-28T10:04:28","guid":{"rendered":"https:\/\/www.fh-joanneum.at\/?post_type=laboratories&p=63386"},"modified":"2021-04-28T12:13:12","modified_gmt":"2021-04-28T10:13:12","slug":"digital-finance-lab","status":"publish","type":"laboratory","link":"https:\/\/www.fh-joanneum.at\/en\/labor\/digital-finance-lab\/","title":{"rendered":"Digital Finance Lab"},"content":{"rendered":"
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Banking and Insurance Industry<\/h4>\n <\/div>\n <\/div>\n <\/span>\n <\/a>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
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Dr.<\/p>\n

Michael Murg<\/h6>\n

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The Digital Finance Lab is used to investigate innovative technologies and their potential application in the financial, banking and insurance sector, to develop business models and processes and to create innovative products. This involves the use of blockchain, robotic process automation, artificial intelligence and other technologies, and state-of-the-art equipment including an infrared eye tracker and a Refinitiv \/ Thomson Reuters terminal for financial market data. <\/p>\n<\/p>\n<\/div>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n

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The aim of the lab is to promote the innovative capacity of financial institutions such as banks, insurance companies and financial service providers, particularly those located in Styria. We achieve this by helping students and future employees in the region’s financial sector to acquire digital skills. The Digital Finance Lab is also a playground for start-ups, FinTechs and InsurTechs. <\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n

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Robotic Process Automation<\/h4>\n

Fragmented finance systems and processes are the reason why many organisations are highly inefficient and forced to rely on manual processes and spreadsheet applications. This leads to additional costs, processing errors, wasted financial resources, greater internal control risks and the risk of generating inaccurate results. Robotic process automation (RPA) can be used to fully automate corporate processes across different software applications and media discontinuities by applying process analysis, digital maturity models and then implementing the consequent process optimisations. <\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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Applications<\/h5>\n