BoE goes granular with data experiment
UK central bank announces successful data proof of concept
The Bank of England has taken the first step towards updating its data capabilities following a successful proof of concept (PoC) with Japan-based NTT Data and German start-up Reportix.
“The bank collects and analyses a large quantity of regulatory data from financial institutions … We undertook this proof of concept … to explore if there is potential to reduce the cost of collecting and analysing this data,” said Beju Shah, head of data collection and publication at the BoE, on April 5.
The
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