Research & Innovation: The Smart Transactions program

In an increasingly connected and digitalised world, there are many challenges linked to data exchanges between individuals, companies, software, and databases, such as volume thresholds, reactivity, and interoperability. Smart Transactions explores the various technologies that facilitate, enhance and secure these exchanges for individuals and the various professional actors in the tertiary and industrial sectors, while respecting the evolution of the regulatory frameworks

Context and challenges of the Smart Transactions program

The Smart Transactions research program, similar to Fintechs in the financial sector, Insurtechs in the insurance sector and Regtechs in the regulatory field, leverages technical possibilities to innovate and use technology to serve business needs in the tertiary sector and the maintenance and operation of industrial products.

The program is based on recent regulations such as GDPR (General Data Protection Regulation) and PSD2 (Payment Services Directive 2), which raise new issues and projects, including management consent for the GDPR in a user-centred approach and the management of Open Banking for the PSD2 with the aggregation of banking APIs.

While implementing these projects, ALTEN took a technical, technological and research-based approach to:

  1. Translate the contractual into the transactional and interpret the transactional into the contractual
  1. Reconcile regulatory requirements and technological advances
  1. Leverage data to use it as a decision-making tool

The Smart Transactions program designs and innovates on the basis of a variety of technical foundations:

  • New architectures: Cloud computing, Micro-Services, Dockerisation, Open API
  • Data processing: Datascience, Dataviz, Big Data
  • Data security: Blockchain, Encryption, OpenId Connect
  • Valuation and interaction: Artificial Intelligence, NLP (Natural Language Processing), Machine Learning/Deep Learning, Bots

Different aspects of the programme are also vectors of innovation and at the heart of several of our projects:

  • Economic aspects (cloud computing costs): FinOps
  • Environmental aspects (measuring and controlling the carbon footprint): Green IT
  • Security aspects: Cybersecurity
  • Design of a banking API aggregator for new services

  • Cobot: a chatbot approach to a process control interface

  • Experimentation with blockchain-based use cases

  • Extraction and qualification of a knowledge base by natural language processing on documents

  • Design of a unified personal data management system

  • Cryptographic contracting protocol with a physical link in the transaction

  • FINOPS: collection, alert and decision-making support on multi-cloud consumption/costs

  • Green IT: measuring the carbon footprint and studying green patterns

  • Exploration, analysis and modelling of cryptocurrencies

  • Biometric and blockchain-based identity and authentication management

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