News Reports

Small enterprises play a vital role in driving economic growth and fostering innovation in the ever-evolving business world. However, the first quarter of 2023 has revealed a bleak reality for these small businesses, as indicated by the findings from our collaborative Small Business Tracker in partnership with Sage and Cebr.

There is a great deal of excitement at the moment around synthetic data and the role it can play in driving innovation.  But what is synthetic data? Why is it useful? How is it generated? And what type of synthetic data should you use?  

Invoice payment time halved in the last decade for micro and small businesses but 40% of payments are still late.

SEPTEMBER 2022

UK Government and UN backed ‘Bankers for Net Zero’ deliver first of its kind framework to support SME’s in the transition to a zero carbon economy

A report by leading UK data scientists has revealed that the over-50s, especially those aged 50-54, are being hit particularly hard financially and could face a lifetime of financial insecurity.

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.

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.

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.

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.

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.

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.