Blog

International Perspective: Open Data Institute

We were pleased to welcome many members of the payments community at our Open Data discussion earlier this month. David Beardmore, Commercial Director of the Open Data Institute (ODI) shared insights from the ODI’s work on the UK’s Open Banking Standard.

David discussed a number of topics, from the importance of educating consumers about open data, to making sure we have the correct security and privacy settings in place.

He used the data spectrum below to help us think about different types of data.

The ODI's Data Spectrum

The Data Spectrum (ODI)

David explained that a wide range of data is produced by organisations along a spectrum, ranging from ‘Closed’ private & personal information, to ‘Open’ and freely accessible public access information.

Bus timetables for example, logically fall into the  ‘Open’ public access category. While something as confidential and private as an employment contract is ‘Closed’ and available for private access only. At the centre of the pendulum is the ‘Shared’ information that may require some authorisation and access approval. For example, allowing your doctor to share medical records with .

If you would like a copy of David’s presentation, please get in touch.

Related Posts
High Value Banknotes

High value banknotes: are they really under the beds of older Australians?

In September of this year, Peter Mair’s submission to the RBA Innovation Review Conclusions created a surprising media splash. Mr Mair, a former RBA official and current finance media commentator, suggested significant and widespread hoarding of $50 and $100 banknotes by older Australians. In the media frenzy that followed, Mr Mair further suggested that “the average pensioner couple could hold up to $50,000 in undeclared $50 and $100 notes to get access to the pension.” Not surprisingly, these comments set off a media firestorm. The Minister of Finance Penny Wong commented, responding, somewhat tongue in cheek, that she hadn’t been looking under any pensioner’s bed for cash! The coverage raises the issue of high denomination banknotes in Australia. Are we awash in high denomination banknotes in Australia? Is Australia out of line with its international peers? Where are all those $100 notes and what are they being used for?
Back To Top