PETs and Synthetic Data: A Regulatory Perspective and Financial Services Case Study | Kisaco Research

Data has the power to drive advancements in the use of artificial intelligence (AI) and machine learning (ML), which could unlock significant value in financial markets and lead to better outcomes for consumers, firms and the wider economy. However, in order to protect consumer privacy, it is important that data sharing occurs under certain conditions and with an appropriate legal basis.

 

In March 2022, the Financial Conduct Authority (FCA) published a Call for Input to explore the market maturity of synthetic data, and industry views of the potential for synthetic data to expand data sharing opportunities in financial services. This session will explore the key findings from the Call for Input, and discuss the FCA’s broader PETs programme.

Speaker(s): 

Author:

Pavle Avramović

Emerging Tech & Research
Financial Conduct Authority

Pavle leads the Emerging Technologies Hub at the Financial Conduct Authority (FCA). He focuses on providing insights and thought leadership on how emerging technologies could impact financial services markets, consumers and regulators. His areas of focus include quantum computing, privacy enhancing technologies, synthetic data and distributed ledger technologies.

Previously he was closely involved in FCA’s efforts across RegTech and SupTech, including the TechSprint work programme. He also leads the Digital Regulation Cooperation Forum (DRCF) Horizon Scanning Workstream and is a member of the World Economic Forum Quantum Security Working Group.

He holds a MSc in Digital Innovation and Information Systems from the London School of Economics and is an Industrial Fellow at the University of East London. He has co-authored papers for the Harvard Data Science Review, Alan Turing Institute and other organisations, including presenting at major conferences and research seminars.

 

Pavle Avramović

Emerging Tech & Research
Financial Conduct Authority

Pavle leads the Emerging Technologies Hub at the Financial Conduct Authority (FCA). He focuses on providing insights and thought leadership on how emerging technologies could impact financial services markets, consumers and regulators. His areas of focus include quantum computing, privacy enhancing technologies, synthetic data and distributed ledger technologies.

Previously he was closely involved in FCA’s efforts across RegTech and SupTech, including the TechSprint work programme. He also leads the Digital Regulation Cooperation Forum (DRCF) Horizon Scanning Workstream and is a member of the World Economic Forum Quantum Security Working Group.

He holds a MSc in Digital Innovation and Information Systems from the London School of Economics and is an Industrial Fellow at the University of East London. He has co-authored papers for the Harvard Data Science Review, Alan Turing Institute and other organisations, including presenting at major conferences and research seminars.