ENNOIA Initiative

Scientific research on topics related to household financial empowerment and financial inclusion is being promoted. Specifically, a Research Committee chaired by Professor Michael Haliassos, with the participation of representatives of the international academic community, as well as executives of National Bank of Greece and Accenture, announces, commissions and evaluates relevant scientific research. In the future, the results of such studies will be communicated and can contribute to the development of innovative solutions as described below.   

 

Research Committee

Michael Haliassos, Professor, Macroeconomics and Finance, Goethe University, Frankfurt | Founding director, CEPR Network on Household Finance

Martin Brown, Director, Study Center Gerzensee | Professor, Financial Economics, University of St.Gallen

Laurent Calvet, Professor of Finance, SKEMA Business School | President-Elect, European Finance Association (EFA)

Alex Michaelides, Professor of Finance, Imperial Business School

Monica Paiella, Professor of Economics, University of Naples “Parthenope”

Demie Goudoufa, Assistant General Manager Strategy & Sustainability, National Bank of Greece 

Konstantinos Zanetopoulos, Strategic Advisor, Head of CSR, Accenture Greece

Entrepreneurship and innovative products, services and tools (e.g. apps) are being promoted to help households in financial education and sound economic decision-making. The first action in this pillar concerns the Special Financial Literacy Award that was awarded for the first time to two teams in the context of the 15^th annual Innovation & Technology Competition of the NBG Business Seeds.

The 16^th Innovation and Technology Competition is underway offering up to five Special Financial Literacy Awards for Empowering Households in their Financial Decision-Making totaling up to €10,000.

The transfer of knowledge and solutions related to financial education and household financial decisions are being promoted through ENNOIA's dedicated website, conferences for researchers and other stakeholders, as well as other awareness enhancing actions. The basis of this pillar will be formed mainly by the results of the actions of the pillars of research and innovation, with a view to making a significant positive impact in the community.

National Bank of Greece: National Bank of Greece is a financial institution with a long-term history and contribution to the Greek economy and society with a leading position in Greek banking sector. NBG serves as a trusted financial partner to individuals and businesses alike—supporting everyday needs and major milestones alike, with a clear vision for a better future for all. NBG is a Human, Trustworthy, Responsive and Growth Catalyst bank which constantly seeks to ensure that its contribution substantially impacts the country and its people, always looking ahead to the next day of Greek society. NBG is committed to initiatives that deliver meaningful social impact. The ENNOIA Initiative is its first flagship initiative for promoting financial education and inclusion as part of its overall social strategy. NBG plays an active role in the governance of the initiative. Senior executives are members of ENNOIA’s Executive and Research Committees, guiding strategic decisions and helping realize the goals of all three pillars.

Accenture: The people of  Accenture embrace change and create value for all their stakeholders, in every part of the world—calling it 360° value. They are committed to creating positive change around the world and ensuring they act as responsible business leaders for their people, their clients, and the communities they call home. Their executives support ENNOIA by participating in the decision-making committees, designing the website of ENNOIA, and providing know-how, especially on digital economy issues, and on the actions related to all 3 pillars of the initiative.

Michael Haliassos: Professor of Macroeconomics and Finance at Goethe University Frankfurt and Founding Director of the CEPR Network on Household Finance, Mr. Haliassos brings deep academic expertise to ENNOIA, undertaking the overall coordination of the initiative, the chairmanship of the Research Committee and responsibility for submitting proposals for the implementation of individual actions in all pillars in cooperation with the other members.

Komvos: The non-profit organization Komvos started its journey with a vision to make the best use of the potential of Global Hellenism for the development of Greece. It is not just another think tank, but a breeding ground for specific actions with tangible results. Its aim is to improve Greece’s geopolitical position through the development of its economy, research, and culture. Komvos contributes to the actions of the initiative by providing advisory support both regarding the content of the website and the conclusions of the conferences of the initiative. Komvos will also promote through its activity the actions of the initiative in which representatives or members of its network participate, enhancing dissemination and awareness of its actions throughout Greek society.