Value-based rules reinforce trust in both companies and consumers. How can we create a set of shared rules and governance models that fulfil the criteria set out in the European Commission’s latest communique, and take into account the European values and on conflicting needs? Let’s start with research, values and the individual’s perspective. In the …
A 2-part blog series for anyone interested in the protections that exist for customers who chose to access their financial data through third-party providers. We hope readers will come away with a clearer view of the different roles of businesses involved in open banking. Part I is about the ‘data retrievers’ — account information services …
“Michele Loi is a post-doctoral researcher at the University of Zurich. He argues that proponents of privacy should not put privacy above health – else risk sliding into irrelevance. [..] The second risk for privacy is paradoxical: it follows from having “too much respect” for privacy itself. If our concern with privacy prevents urgent political action …
Personal data presents a “privacy paradox,” where users’ concerns aren’t reflected in their behaviors. We need “digital agency” — the ability to own the rights to their personal data, manage access to this data and, potentially, be compensated fairly for such access. Why don’t users care enough to take actions that match their concerns? What …
Continue reading “Why It’s So Hard for Users to Control Their Data”
Unlike the UK, the US does not have a regulator-led open banking system, meaning that banks, data aggregators and third party fintechs have tussled over the best way to ensure customers can safely and simply share their information. JPMorgan Chase has sent fintechs a letter warning that they will be cut off from retrieving customer …
Continue reading “JPMorgan Chase gives fintechs data access deal deadline”
“Imagine your smartphone knew everything about the city – but the city didn’t know anything about you. Wouldn’t that be truly ‘smart’?” A much needed paradigm shift. The case for … cities that aren’t dystopian surveillance states
The Personal Data & identity Working Group Members review what is happening in the sector and how they plan to help move the sector forward. On the the increasing requirement for the sharing of individual’s health data, Digi.Me’s clients are asking for: Single Source of Data – business don’t want the job of collating/aggregating/rating multiple …
Top three considerations for anyone starting out: GDPR must be your guideBuild in data protection from the very beginning, and put individual rights under the GDPR front and centre. Design with the user in mind Your customer expects you to come up with a system that is straightforward, secure, and effective in achieving their goals. …
Most people would agree that we are on the verge of a significant transformation in the global economy, driven by advances in data and analytics. [..] I believe, though, that as we move into an Open Data world, combined with much better data and analytics capabilities, humans will be able to step back from many …
Continue reading “How ‘Open Data’ will tip us towards task-free era”