Unlocking the potential of banking data for good
The data we generate can deliver huge benefits to society if we can unlock it safely and provide safe access to the data for research.
From the moment we wake up, we generate data – as consumers, as workers, as citizens. Part of that data trail creates a digital history of our economic activity all day, every day – by doing our banking to pay bills, making purchases online, using internet apps to manage all aspects of our financial lives, and much more. The data we generate can deliver huge benefits to society if we can unlock it safely and provide safe access to the data for research into the missions that matter to JRF.
At this webinar we heard from leading academics on the research use cases made possible with access to this banking data and to learn more about our partnership with Smart Data Foundry Data to create a Trusted Research Environment containing private sector financial research-ready data.
We also launched our new Income Volatility dashboard, powered by the same banking data, that will create an enduring view of the impact on UK consumers of Income Volatility and Economic Insecurity.
Speakers
Mike leads the research data science team at Smart Data Foundry and has a background in climate and the environment, economics and social science. His previous work has included agriculture, supply chains, rural economy, hydrology, digital skills and social services. He has a PhD from the University of Edinburgh in snow hydrology and a BSc in Environmental Science from Lancaster University. Mike is a fellow of the Royal Statistical Society, a member of the Society of Research Software Engineers and a convener of EdinbR: The Edinburgh R User Group.
Magdalena has been working in data, innovation, and technology for the past 15 years. She has led the design and development of products and services in various scenarios across the private, public, and not-for-profit sectors (Smart Data Foundry, University of Edinburgh, Digital Curation Centre, BBC, Art Institute of Chicago).
Magdalena is currently Head of Research at Smart Data Foundry, working across legal, technical and research teams to define, build, and deliver a new service to provide safe and secure access to high-value de-identified private sector financial data assets to deliver unique socioeconomic and policy insights “at scale” (eg near-real-time, large-scale, integrated, linked data across all geographies.)
Rosario leads JRF's insight and analysis infrastructure, which aims to generate timely and impactful insights on social and economic inequalities. Prior to joining JRF, Rosario was Data Lead at New Philanthropy Capital, where he was responsible for leading the charity’s data strategy and providing thought leadership on the effective use of data and impact measurement.
He has also worked for the children and young people's charity Buttle UK, and the West London Children Zone. Before joining the charitable sector, Rosario held various research and analysis roles for market research companies and has an academic background in law and forensic psychology.
Tod is a comparative economic and political sociologist with interests in social networks, development, organizations, globalization, the sociology of knowledge and professions, and sociological theory. His empirical research centres on elite political networks and the economic sociology of financial institutions, particularly in Latin America.
PhD (Edinburgh, UK); MSc in Operational Research & Management Science (Edinburgh, UK); MA (Russia).
Prior to her current position as the Personal Chair of Societal Aspects of Credit, Professor Andreeva worked at Bank of Scotland and held the prestigious ESRC post-doctoral fellowship. Her research evolves around credit risk of individuals and small businesses (SMEs) using advanced statistical and machine-learning techniques, applied to Big Data, in particular Open Banking (OB) financial transactions. An area of specific focus is financial vulnerability, fairness and social impact of credit.
Galina publishes in top academic journals - Risk Analysis: An International Journal, European Journal of Operational Research, Journal of Financial Stability, Financial Accountability and Management. She guest edited two special issues on Credit Risk Modelling, and was on organising committees of three major international conferences in Credit Risk.
Galina’s research has a strong practical focus and involves practitioners as partners, sponsors or data providers. She led and collaborated on a number of research and consultancy projects in credit risk and risk analysis.
The recent press coverage of her research include The Guardian, the BBC, Sky News, the Daily Record, the Times, the Herald, the Edinburgh Evening News, the Scotsman, the Sun, the i-newspaper, the Scottish Daily Mail, the Sunday Post.