With big data comes big responsibility
Managing big data is a huge talking point and undertaking in financial services. Here, the FS Faculty outlines key responsibility for firms.
This is why, in April, the Faculty published its principles for the ethical use of big data in financial services. These principles aim to help financial services institutions to make the right choices about how they use data and not take unfair advantage of information they hold. They provide a starting point for companies to consider how they should be accountable for their use of big data and how to ensure that customers are treated fairly.
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