Getting this right will mitigate potential liability and secure your customers trust so how embedded is data ethics in your organisation?
For data analytics to be a force for good, it will require a co-ordinated effort by business, academics, politicians, regulators and consumers. As such an ethical framework for the management of customer data is a complex but necessary task.
In mainstream financial services, all forms of institutions are increasingly coming to understand the liabilities of data ownership and the use of autonomous technologies. Whilst the amount of coverage in these areas has increased recently, for financial institutions the reality is that the ethical use of customer data has been a focus for a considerable time.
In this joint paper with UK Finance we will be discussing:
• The dangers of data;
• Management of data: Five principles for data utopia;
• The specific impacts, risks and challenges faced by financial institutions; and
• How to embed data ethics.
© 2020 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.