Resilient Systems Archives - Annual Report SnT

Artificial Intelligence

Fighting Financial Fraud with Privacy-Compliant AI

Having your credit card stolen is a very frustrating experience, and sadly, one that many can relate to. In 2019 alone, fraudulent transactions involving credit cards issued in Europe accounted for €1.87 billion – a staggering amount, and one that is only expected to increase as online shopping grows. With its advanced capability to analyse large amounts of data and create forecasts, artificial intelligence (AI) could provide financial institutions with significant help in fighting fraud. However, using AI to detect financial crimes requires access to sensitive data, which raises concerns about data privacy and security. That’s where federated learning comes in.

Artificial Intelligence

Trustworthy AI for Predictive Maintenance and Waste Reduction

Every electrical appliance we use, even our cars, embeds electromechanical components. These are, for example, the countless switches and sensors built in the devices we use daily. Due to the crucial functions they perform, these components need to go through rigorous production processes, which involve intense testing and close monitoring.

Artificial Intelligence

Steering a Safer Future for Autonomous Systems

Car accidents are one of the leading causes of avoidable deaths in Europe, and despite numbers falling in recent years, there were still almost 20,000 people who lost their lives in 2021 as a result. It’s a problem that has many proposed solutions under way, with the EU aiming to reduce the number of deaths and serious injury by 50% by 2030, and to zero by 2050. This kind of world is hopefully one that will be our future, and SnT researchers are finding ways to bring it closer to a reality.

Artificial Intelligence

Optimising Luxembourg’s Wastewater Networks to Fight Pollution

Covering nearly three quarters of our world, we’d imagine that water is one of our most plentiful resources on Earth – but everything we do on a daily basis consumes vast quantities of it. From the 130 litres of water it took to make the beans in your morning cup of coffee, to the 10,000 litres in just one pair of jeans, our water usage is astounding when you really look deeper.

Electric Vehicles

Powering the Future of Electric Vehicle Charging

Energy prices have historically been volatile, as supply is limited and influenced by a number of factors. EU consumers have recently seen them increase exponentially, too, as supply tries to cope with a variety of interconnected problems. According to Eurostat, consumer prices for electricity, gas and other fuels increased by 25% in the Euro area between December 2020 and December 2021.

Distributed Ledger Technologies

Fighting the Fakes: Protecting the Authenticity of EU Diplomas

When it comes to our education, working to obtain a university qualification could be considered as one of life’s greatest achievements. Many students work hard over the course of a few years to obtain their qualification – some up to six years while managing a full-time job and family life. However, as the famous saying goes, “Hard work spotlights the character of people: some turn up their sleeves, some turn up their noses, and some don’t turn up at all.”

FinTech

An Intelligent Digital Assistant for Financial IT Development

The success of any enterprise – be it a project or a business – relies on its design. Defining key requirements, workflows, and data sources makes all the difference – and that holds true for IT systems as well. But when it comes to developing software solutions for financial services, this design phase can be notoriously complex.

Autonomous Vehicles

Securing the Vehicles of our Future World

We’re living in a world now where most of the items surrounding us are ‘smart’ – they operate autonomously, respond when we talk to them and even predict our behaviour. That includes our cars. The safety of our cars no longer rests solely on you – the driver or keeper of the keys – but now also on the engineers producing the software of the internal computer.

Tag: Resilient Systems