Data Platform

What?

Validated data on Financial Service Providers’ pricing, client protection, social and financial performance

With the support of:

        

With participation of:

                    

The start-up phase of the Data Platform is currently ongoing.

One stop shop to find Annual Percentage Rate (APR), social (SPI4), client protection and financial data from rating agencies, Cerise, MIMOSA, and other data providers.

Website. Two modules: 1. Data (APR, SPI4, other social data); 2. Reports (rating reports, SPI4 audits, MIMOSA).

Access to APR data will be easier because: APR is already calculated in ratings and certifications; FSP will have the option to provide data anonymously (still useful for benchmarking).

Coverage will be 70,000 datapoints, 600 FSPs and 70 Countries, or larger, as enhanced by other data providers. A global expected APR model will allow benchmarking the APR even without a large number of observations in the Country.

Why?

Cost. Value for money because: 1) the cost of collecting data and calculating APR is already covered by ratings and certifications, and the Platform would only need a marginal cost to be covered; 2) an existing organization (MFR) with a core business already in place would manage the Platform as a business unit.

Who?

How it works?

MIX. Data Platform and MIX are collaborating to develop links between the two platforms to facilitate user navigation. APR and SPI4 modules will be housed on Data Platform and links will enable users to make the most of the financial, operational and social performance data available on the two platforms.

Quality. The database will include externally validated data and self-reported data (e.g. core database), transparently indicated. The user will decide the data source filters to apply.

Confidentiality. The ownership of the data stays with the data provider and it is not transferred to the Platform manager. Any use of the data made by the Platform manager respects the confidentiality agreements signed with the data providers.

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