Experian calls for less bureaucratic data regulations
Open banking requires cross-industry collaboration, but sharing personal data requires explicit consent, which can become a bottleneck
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Published: 14 Jan 2021 15:04
A report from Experian has highlighted the importance of data standards, less cumbersome regulations and the ability to collect personally identifiable information (PII) in a way people will accept.
“The Covid-19 pandemic has highlighted the enormous potential of data to help overcome some of the world’s biggest challenges, informing critical thinking and guiding decision-making,” said Jonathan Westley, chief data officer for the UK and Ireland, and Europe, the Middle East and Africa, at Experian.