Access to open data ‘where the world is heading’ - Mortgage Business
lterrat's bookmarks 2016-12-29
Summary:
"The managing director of a property, information and analytics company has said that more fluid sharing of data is 'definitely where the world is heading' and that insights captured from data are a key strategic differentiator 'particularly in the financial services'.
CoreLogic’s Lisa Claes recently told Mortgage Business' On the Record that the opening of access to data was about 'discerning trends, patterns and comparabilities' that could prove useful in producing 'better outcomes for the customer'.
She added that while the opening of access could provide 'enormous benefit' to the financial services, people needed to be mindful in the debate about open data in order to distinguish between 'macro-level depersonalised anonymous data' and customer level data which 'needs to be respected for privacy and regulatory reasons'."