Christian Ochs (FBI) and Ronald Hochreiter (StatMath)are part of the international COST project „Fintech and Artificial Intelligence in Finance – Towards a transparent financial industry“. The European Cooperation in Science and Technology (COST) is a funding organization for the creation of research networks and collaborations among scientists across Europe (and beyond). The project will bridge the gap between academia, industry, the public and governmental organizations by working in an interdisciplinary way and focusing on innovation.