This is a Data Management issue that I find a bit
confusing. Probably make for a good paper topic!
Europe’s
banks brace for a huge overhaul that throws open the doors to their
data
Banks have long been at an advantage when it comes
to data on their customers.
From current accounts to credit cards, established
lenders have access to vast amounts of information that financial
technology (fintech) competitors could only dream of.
In Europe, that could all be about to change.
On January 8, banks operating in the European
Union will be forced to open up their customer data to third party
firms — that is, when
customers give consent. [Is
downloading an App proof of consent? Bob]
EU lawmakers hope that the introduction of the
revised Payment Services Directive (PSD2) will give non-banking firms
the chance to compete with banks in the payments business and give
consumers more choice over financial products and services.
… Banks will be required to build application
programming interfaces (APIs) — sets of code that give third
parties secure access to their back-end data.
… Some believe that tech giants such as
Facebook, Amazon
and IBM could be primed
to disrupt banking, especially once lenders are forced to open
their data vaults to tech firms.
… "All
financial services products are just data. So companies
that are very good at managing data are advantaged in this space. I
would also say that once you get into an open banking world, when you
don't actually have to be a bank and you can manage a big balance
sheet and have all the regulation that goes with it, it changes the
game."
Another issue for my Data Management students.
Can you play a VHS tape? What about a vinyl record? A wire
recording?
Paper –
Metadata Provenance and Vulnerability
Metadata
Provenance and Vulnerability. Timothy Robert Hart and Denise de
Vries, Information Technology and Libraries (ITAL). Vol 36, No 4
(2017). doi: 10.6017/ital.v36i4.10146
“The preservation of digital objects has become
an urgent task in recent years as it has been realised that digital
media have a short life span. The pace of technological change makes
accessing these media increasingly difficult. Digital
preservation is primarily accomplished by main methods, migration and
emulation. Migration has been proven to be a lossy method
for many types of digital objects. Emulation is much more complex;
however, it allows preserved digital objects to be rendered in their
original format, which is especially important for complex types such
as those comprising multiple dynamic files. Both methods rely on
good metadata to maintain change history or construct an accurate
representation of the required system environment. In this paper, we
present our findings that show the vulnerability of metadata and how
easily they can be lost and corrupted by everyday use. Furthermore,
this paper aspires to raise awareness and to emphasise the necessity
of caution and expertise when handling digital data by highlighting
the importance of provenance metadata.”
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