What Our Card Payments & Mobile Data Say About How We Live
Webinar
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Background: The order in which people make purchases can sort a city's residents into distinct lifestyles. Dr Riccardo Di Clemente studies these patterns by combining anonymised credit card transactions with mobile phone data. The lifestyles that emerge differ in how much people spend, how far they travel, where they live and how varied their social circles are. They also divide along familiar lines, including gender and age. That makes the data useful for studying inequality in cities. Banks and mobile networks already hold such records. Used carefully, they can fill gaps in our knowledge of women's economic lives, which conventional data sources struggle to capture. Over longer periods, the same records could show how a recession or rising prices change spending across groups, almost as it happens. Riccardo will discuss what these patterns show about consumer behaviour and urban inequality, and what financial services firms and policymakers can take from them.
Speaker: Riccardo Di Clemente is an Associate Professor at Northeastern University London, Core Faculty at Network Science Institute at Northeastern University, Affiliated Researcher at ISI Foundation. Riccardo obtained his undergraduate B.Sc. & M.Sc. degrees in physics at Sapienza University of Rome. He received his Ph.D. Europaeus in Economics at IMTLucca, Italy with visiting Institution Institute of New Economic Thinking at University of Oxford- INET@Oxford where he applied Complex Systems tools to Economics and Social system. Afterward, he completed his postdoctoral research at the Institute of Complex Systems in Rome and then at department of Civil and Environmental Engineering of Massachusetts Institute of Technology- MIT in Boston. He has been awarded the Newton International Fellowship of the Royal Society in applied mathematics, he was hosted by the Centre for Advance Spatial Analysis- CASA at University College London- UCL. Before joining Northeastern University London, Riccardo was a Lecturer in Data Science at the Computer Science Department of the University of Exeter, where he became Alan TuringFellow of The Alan Turing Institute for two years working on new data analytics tools for Urban Dynamics. Moreover Riccardo has been visiting professor for two years at Sony Computer Science Lab Paris where he worked in close contact with their Sustainable Cities and Infosphere teams.
Riccardo has been a consultant for the World Bank, he led projects in collaboration with companies and ONG (Bill & Melinda Gates Foundation, and Data2x) to develop fine-tuned data-driven solutions for policymaking in developing countries. Riccardo is leading a multidisciplinary research group at Complex Connection Lab at Northeastern University and ISI Foundation. Riccardo’s team develops innovative mathematical frameworks to analyze complex social connections governing human behavior in urban and digital environments. His research combines network theory, complex systems, and machine learning to study digital footprints left by individuals in their daily routines. Currently, Riccardo’s Lab is developing models to capture digital traces for understanding urban segregation and social inequalities, examining how spatial and digital divides create patterns of stratification. Additionally, they analyze social network conversations to study how major events impact societal interactions, with particular attention on users’ dynamic behavioral evolution.
Speaker(s):
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Riccardo Di Clemente
Associate Professor at Network Science Institute
Northeastern University London
Chairman:
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Professor Michael Mainelli
Chairman
Z/Yen Group