LONDON : Britain's financial watchdog said on Thursday it will push ahead with plans to make available 'synthetic data' to help increase innovation and choice in financial services following a consultation last year.Synthetic data refers to customer data that has been stripped of some information or encry
LONDON : Britain's financial watchdog said on Thursday it will push ahead with plans to make available"synthetic data" to help increase innovation and choice in financial services following a consultation last year.
Data privacy laws make it harder for third-party companies to access data on customers held by long-established banks and insurers.Respondents said it would be useful as a supplement to efforts to combat financial crime, and for environmental, social and governance purposes.
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