The 7th FAME General Assembly took place in Limassol on March 11-12, bringing together representatives from 33 consortium organisations. With the FAME Marketplace set to launch in April, this meeting served as a pivotal moment to review progress, test key solutions in a hands-on Hackathon session and FAME Learning Centre training, and outline the next steps to advance embedded finance.
Project Progress and Deployment Timeline
The assembly began with a review of administrative matters and overall project status. Reports confirmed that FAME is progressing according to plan, with the official Marketplace to launch for early April. The two key frameworks – business and legal – are nearly finalised, ensuring that the Marketplace will be well-equipped to navigate economic and geopolitical challenges
At the same time, the FAME Learning Centre continues to expand its reach, engaging more international stakeholders and strengthening the initiative’s impact on the financial ecosystem.
Technical Advancements
On the technical front, the Minimum Viable Product was successfully presented, and the infrastructure required for continuous integration and continuous deployment (CI/CD) is now in place. As FAME is built on a federated architecture, a key focus moving forward will be integrating the Marketplace with the Federation Application and further enhancing the CI/CD pipeline to ensure seamless implementation. Another priority will be onboarding open-source data management utilities, which will play a crucial role in the platform’s functionality.
A significant milestone was the deployment of the authentication and authorisation framework, which is now undergoing final testing. Once validated, it will be fully integrated into the pilots’ infrastructure, accompanied by detailed documentation and compliance policies to support its adoption.
Advancements in Trading and Monetisation
Work Package 4 (WP4), which focuses on blockchain-based trading and monetisation, has made notable progress. One of the key achievements was the successful integration and deployment of the Provenance & Tracing (P&T) module, ensuring that the Marketplace will be equipped with a transparent and secure data traceability system from day one.
Additionally, the Price Advisory Tool (PAT) was tested for compliance with SBERT and QBS, confirming its ability to provide reliable insights for trading and asset valuation. Efforts have also been made to further develop smart contract integration, semantic search for trading data, and decentralised provenance tracking, strengthening FAME’s position as a cutting-edge solution for financial data monetisation.
With key performance indicators for WP4 achieved, the focus now shifts to monitoring asset management, integrating the tools with pilot projects and optimising the existing models to enhance overall efficiency.
AI-Powered Financial Technologies
Artificial intelligence plays a crucial role in FAME’s development, and significant advancements were presented during the General Assembly. The consortium has developed a two-stage Energy-Efficient Analytics Toolbox, alongside a set of trusted and explainable AI techniques based on large language models.
These tools have already been successfully integrated into various FAME pilots, demonstrating their capabilities in anomaly detection, automated information extraction, and customer segmentation using K-means clustering. The progress made in this area highlights the potential of AI-powered solutions to enhance financial operations, with further refinements expected in the coming months.
Stakeholder Engagement Roadmap
Beyond the technical aspects, the General Assembly also focused on stakeholder engagement strategies. As the platform prepares for launch, consortium members discussed ways to attract end users and increase adoption. Given the diverse range of FAME’s pilot projects, integration challenges were addressed, and strategies were formulated to ensure seamless onboarding for different financial institutions.
A Productive Milestone for FAME
The 7th FAME General Assembly proved to be a highly productive milestone, bringing together industry experts to review progress, align on strategic goals and refine the next steps ahead of the Marketplace launch. In addition to in-depth discussions on work package developments, the event also featured a FAME Hackathon and the first on-site training session on blockchain-powered data monetisation, providing valuable hands-on experience for consortium members and external stakeholders.
With the next General Assembly just three months away, the momentum continues to build. The upcoming meeting will offer further insights into the evolution of this innovative embedded finance platform, as FAME moves closer to full-scale implementation. Stay tuned for updates!
