Eighty20 open data standards for financial inclusion

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Copyright © 2012 Eighty20
What role can big data play in helping regulators,
policymakers, FSPs and researchers to assess ...

There is no single definition of ‘Big data’
2
What is considered "big data" varies depending on the
capabilities of the or...

Big data is generated everywhere. How much of it is
justifiably in the line of sight of third parties?
3
1. What data is i...

Formal financial institutions typically submit regular returns
to regulators. These are helpful in enabling regulators to
...

INSTITUTION SUBMISSION
SOUTH AFRICAN
RESERVE BANK
(SARB)
OFFICE OF
DISCLOSURE
(Home loans)
Applications
Total number and R...

Formal financial institutions typically submit regular returns
to regulators. These are helpful in enabling regulators to
...

The South African Reserve Bank disseminates an extensive
data set of aggregated data across all banks, as well as some
ban...

146,736
112,766
50,141
APPLICATIONS
RECEIVED
APPLICATIONS
SCORED
APPLICATIONS
APPROVED
APPLICATIONS
TAKEN UP
37,017 28,724...

GROSS DEBTORS BOOK: 2015 Q4
R BILLIONS
CREDIT
FACILITIESMORTGAGES
UNSECURED
CREDIT
SECURED
CREDIT
SHORT-
TERM
CREDIT
856 3...

10
148.3
75.5 97.6 109.8 108.9 124.4 137.2 147.1
98.5 81.2 98.7 118.6 139.3 153.2 149.2 154.9
31.7 25.8 34.0
54.0 70.2 69....

That data is submitted by market segment, although
segment bands are static
11
Source: NCR, AMPS 2015B, 2008B, Eighty20 an...

This data, while helpful, suffers from a number of limitations
12
Compliance burden limits the richness of the data that c...

Enter Big Data:
What detailed data resides within the systems and
infrastructure that could be within line of sight? How c...

De-identified data is not personal information
14

But how de-identified is the data? And how is that de-
identification impacted on by merging data sets?
15

Enter Big Data:
What detailed data resides within the systems and
infrastructure that could be within line of sight? How c...

In environments where there is positive and negative
reporting, credit bureau data contains rich transactions level
data
1...

A key issue is permission to access the data. Which entities
can legitimately access the data, and for what purpose?
Often...

Consumers consent to data use in credit contracts for specific
purposes
19

Because the bureau data is at a loan level, it facilitates a
richer exploration of performance by market segment or
cohort...

A review of static statutory returns will often miss
deterioration in performance in a recent cohort because this
is over-...

The data also supports a borrower-centric analysis of usage
and default patterns
22
CREDIT CONSUMERS
(July 2013, Millions)...

144
3,013
1,698
884
5,113
1,995
917
9,469
3,931
22
157
384
398
414
484
689
1,295
1,584
Student loan
Retail furniture
Retai...

Bureau data can enable market conduct regulators to assess
lending patterns, and identify lenders who may be acting
badly
...

Enter Big Data:
What detailed data resides within the systems and
infrastructure that could be within line of sight? How c...

A critical indicator is indebtedness levels. As noted bureau
data on incomes is often limited, but in some cases tax data
...

Financial Burden Estimation
27
A measure to estimate the Financial Burden of creditors is to use the cash flows that
are c...

Individual Financial Burden
28
Monthly Income
FinancialBurden
 As it can be seen there is a consistent pattern between th...

Financial Burden vs Delinquency
29
Financial Burden
Mean Days Past due
All the credit products
 Delinquency shows a behav...

30
Financial burden evolution of the individuals in the
sample of analysisMeanFinancialBurden
Individualsinthesample
 Ana...

Conclusions
Although this indicator should not be used as an absolute measure of financial burden on
households1, it is us...

Enter Big Data:
What detailed data resides within the systems and
infrastructure that could be within line of sight? How c...

Another interesting data set that is in the public domain is
the deeds registry
33
 The registry contains information on ...

We used deeds office records to locate mortgage loans in low
income areas and match these with mortgage data in the
credit...

We could then track mortgage performance by segment, and
by several borrower and loan characteristics
35
0%
1%
2%
3%
4%
5%...

Enter Big Data:
What detailed data resides within the systems and
infrastructure that could be within line of sight? How c...

Is there a similar data set that can help inform our
understanding of bank account and mobile money account
usage?
37
What...

Ideally, regulators and policymakers should have sight of
G2P payments. In the case of South Africa it is not clear
whethe...

Of course, visibility may impact on willingness to transact
39
M: So I can’t save it there [in the SASSA account}?
R: No
M...

DATA PRIVACY AND INFORMED CONSENT
Agricultural Input Subsidy Solution designed for the Ministry of Agriculture and Animal ...

DATA PRIVACY AND INFORMED CONSENT
It can be argued that:
“Where consumers have given their informed consent to their perso...

Enter Big Data:
What detailed data resides within the systems and
infrastructure that could be within line of sight? How c...

Social media is another category of big data that might be
valuable in a market conduct context
43
I asked the question if...

Hellopeter.com in South Africa is the largest customer service
website in the world. It allows users to log complaints, as...

Hellopeter.com in South Africa is the largest customer service
website in the world. It allows users to log complaints, as...

46
Social media more broadly offers further opportunities to
assess conduct of FSPs

A number of companies collect and categorise customer
sentiment data using algorithms or the ‘Crowd’
47
Data pulled off va...

Big Data is obviously limited by its footprint. Do we miss the
poor in the Big Data universe?
48

A defining feature of the informal sector is that it escapes
enumeration. Visibility and formalisation of financial servic...

Key implications
50
2. Sometimes that footprint lies in potentially ‘open’
and often regulated data infrastructure
3. Ofte...

Copyright © 2013 Eighty20
EIGHTY20
Thank you

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