Cities

Economy

FinTrust: Trust Engineering for the Financial Industry

Led by Newcastle University, UK, and supported by Atom bank, the UK’s first bank built exclusively for smartphone or tablet, researchers are embarking on a three-year FinTrust project that will look at the role of machine learning in banking, particularly in the context of automated lending decisions and whether these lead to bias and financial exclusion.

The project was launched by tech enthusiast and philanthropist will.i.am

National Innovation Centre for Data

The £30m National Innovation Centre for Data (NICD) aims to see the next Google or Facebook started in the UK and help the country capitalise on a potential £40bn a year boost to the economy.

The centre aims to link up academic talent in universities with industry and the public sector to help them develop the skills they need to solve real world problems using advances in data science.

£15m of funding is coming from Government, managed through the Engineering and Physical Sciences Research Council (EPSRC). This is being matched by £15m from Newcastle University and will also help supply the next generation of skilled and educated researchers.

Newcastle has one of the largest and fastest growing digital clusters in the country with multi-national companies including Sage - the UK's largest software company - Hewlett Packard and Accenture, as well as significant public sector IT facilities, including the HMRC Digital Delivery Centre, and major commercial data centres.

NICD will be one of three National Innovation Centres based in a new building at Newcastle Helix.

Digital Economy Research Centre

We lead the Digital Economy Research Centre (DERC). DERC theorises, designs, develops, and evaluates new digitally mediated models of citizen participation that engage communities, the third sector, local government and the commercial digital economy in developing the future of local service provision and local democracy. 

DERC's extensive programme of research, knowledge exchange and public engagement activities involves over 20 postdoctoral researchers and 25 investigators from:

  • Human Computer Interaction
  • Social Computing
  • Cloud Computing
  • Security
  • Business & Economics
  • Behavioural Science
  • Planning
  • Education
  • Statistics
  • Social Gerontology
  • Public Health and Health Services Research

There are more than 20 partner companies and organisations working with DERC including the BBC, Microsoft and global engineering consultancy Arup

Structural Transformation, Adaptability and City Economic Evolutions

We are partners in the Oxford University-led 'Structural Transformation, Adaptability and City Economic Evolutions' project.

Professor Andy Pike from our Centre for Urban and Regional Development Studies is part of the team exploring the role of urban areas in driving growth, particularly the potential of the northern cities to address the geographic imbalance of the British economy.

Financial intermediaries

Professor Jane Pollard from the Centre for Urban and Regional Development Studies (CURDS) is currently working on a project entitled 'Charitable giving practices amongst Somali migrant communities in London's East End'.  The project, funded through Queen Mary University's centre for the Study of Migration, is part of a larger programme of research and is exploring Somali practices of charitable giving, community building and mutual support in the aftermath of recession. 

Other recent work has explored the growth of Islamic financial markets and how their construction varies in different regional, regulatory, political and cultural contexts. 

Jane Pollard, Professor of Economic Geography