FILE PHOTO: Signage for the Financial Conduct Authority (FCA), the Britain's financial regulatory body, is seen at its head office in London, Britain, March 10, 2022. REUTERS/Toby Melville/
LONDON (Reuters) - Britain's financial watchdog said on Thursday it will push ahead with plans to make available "synthetic data" to help increase innovation and choice in financial services following a consultation last year.
Synthetic data refers to customer data that has been stripped of some information or encrypted to preserve privacy, making it easier to share between companies, such as fintechs, that want to offer competing financial services.
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