Smart Data Foundry’s interns reflect on their experience with us
Our Marketing and Impact Evaluation Intern, Georgina McNamara, discusses her experience working at a FinTech start-up for the summer, from learning more about data science to working with her fellow interns.
Smart Data Foundry instrumental in FCA tech sprint
A recent collaboration between Smart Data Foundry and the FCA required us to produce bespoke datasets that supported their new Digital Sandbox. Our expertise aided the FCA in building their knowledge of synthetic data, a growing technological product that is predicted to take over the entire AI landscape in as little as five years.
Future action needed to address algorithmic bias
One of Edinburgh Futures Institute PhD Candidates and Smart Data Foundry collaborator Savina Kim has recently written a whitepaper that has a critical call to action to address fairness and bias concerns in algorithm-assisted decision making.
Smart Data at the heart of Queens Speech
At Smart Data Foundry, our mission is to unlock the power of financial data to help improve people’s lives and to drive and foster innovation that will make fintech a success. To support this, we want to ensure that Open Banking and Open Finance are built inclusively, benefiting all in society. This week’s Queen’s speech seeks to build a new landscape of data sharing, innovation and regulation with Smart Data , that supports our mission to open finance for good.
New leadership for Smart Data Foundry
Welcome, Frank Gauld as Smart Data Foundry’s new CEO. Before moving to NCR in America in 2017, he held high-profile roles at Clydesdale and Yorkshire Bank as CIO for Change and IT Development. Frank will relocate back to Scotland on April 6th to take up the key position.
Partners FinTech Scotland announce Roadmap
FinTech Scotland has published a ground-breaking Research and Innovation (R&I) Roadmap with the objective of boosting economic recovery, driving growth and creating jobs over the next ten years.
Over the ten-year period, the ambition will be to deliver in Scotland an additional 20,000 plus fintech-related jobs as well as produce an increase in economic gross value add (GVA) through fintech innovation from £0.5bn GVA today to £2.1bn GVA by 2031.
Algorithmic Bias and how it can affect digital identity systems
But algorithmic bias doesn’t just have the potential to affect credit risk; it can affect any technology where algorithms are used.
One of the other technologies it can affect is digital identity systems. Bailey Kursar and Savina Kim explore this in this article.
What is Algorithmic Bias and Why Should We Care?
Algorithms are behind many of the most impactful decisions made today by banks, lenders, and credit checking companies. Decisions that will affect how you and your family live your lives. But what is an algorithm?
Put simply, an algorithm is a set of instructions that a computer follows to complete a task.
Smart Data Foundry data science team wins international synthetic data challenge
Members of our Data Science team were recently invited to enter an international synthetic data challenge under our previous name of the Global Open Finance Centre of Excellence (GOFCoE) organised by the United Nations Economic Commission of Europe (UNECE) High Level Group for Modernisation of Official Statistics (HLG-MOS).
The Power of Partnerships
Smart Data Foundry is delighted to announce new partnerships with Equifax, FreeAgent, Moneyhub and Sage Group. These new partnerships will support Smart Data Foundry’s mission to use data-driven insights to help with the economic recovery following the COVID-19 pandemic.
Introducing Smart Data Foundry
As we come into 2022, we wanted to reflect our original purpose but on a broader platform and so we are launching under the name of Smart Data Foundry. An organisation designed to unlock financial data for good – not only to do good but also to create social impact that lasts for good.
Generating Synthetic Data
Smart Data Foundry (Formerly GOFCoE) Data Science team continues to explore and learn techniques for generating synthetic data. They took part in a week-long synthetic data challenge, organised by the High-Level Group for Modernisation of Official Statistics (HLG-MOS) to continue this journey.
Reaping Real Social and Societal Benefits from Synthetic Financial Data
Chief Data Scientist, Nick Radcliffe, of Smart Data Foundry (formerly GOFCoE ) recently talked about the exciting emerging world of synthetic data at the FinTech Scotland Festival. This Festival was held in Scotland late 2021.
Dame Julia Unwin Appointed as New Chair for Smart Data Foundry (Formerly GOFCoE)
Dame Julia Unwin joined Global Open Finance Centre of Excellence (Rebranded as Smart Data Foundry in February 2022) as their inaugural Chair on 13 September 2021. This marks an important step in the journey for Smart Data Foundry as they head towards incorporating as a stand-alone not-for-profit organisation later this year.