M Science, the pioneer in data-driven research and analytics, today announced it has joined the Financial Data and Technology Association (“FDATA”), a global trade association advocating for thoughtful and responsible policymaking on Open Banking initiatives across the globe. Membership has historically been comprised of companies providing innovative financial applications and services which empower smarter decisions across a consumers’ financial life.
“As a leading solutions provider using many forms of alternative data, it is imperative for M Science to have a voice in crafting public policy around technology and privacy issues,” said Michael V. Marrale, CEO of M Science. “We are viewed as the gold standard for our alternative data due diligence program and we share the views of FDATA as they relate to consumer transparency and informed consent on data access and ultimately how it can be utilized.”
FDATA North America was established in 2018 as an advocacy group for financial technology companies. The organization seeks to work with government, regulatory authorities and the financial services industry to promote the benefits of financial data and technology.
“We are excited to have M Science as a new member of FDATA,” said Steve Boms, Executive Director of FDATA. “It is important that policymakers and regulators have the perspective of not only the service providers in the industry but also those who wish to responsibly utilize the resulting data. We look forward to M Science providing meaningful input into our agenda as we work to implement Open Banking in North America and address the serious issue of data privacy.”
About M Science
M Science is a data-driven research and analytics firm, uncovering new insights for leading financial institutions and corporations. M Science is revolutionizing research, discovering new data sets and pioneering methodologies to provide actionable intelligence. Our research teams have decades of experience working with unstructured data in near real-time to discern critical insights that help clients make smarter, more informed decisions. We combine the best of finance, data and technology to create a truly unique value proposition for both financial services firms and major corporations in a variety of industries.
M Science is a portfolio company of Leucadia Investments, a division of Jefferies Financial Group Inc. (NYSE: JEF).
About Financial Data and Technology Association
FDATA is a trade association coordinating the campaign for the delivery of Open Banking across the globe.
Our members provide innovative financial applications and services to empower customers to make better decisions and take fuller control of their financial lives across all their accounts, credit cards, loans, and investments.
We seek to work with government, regulatory authorities, and financial industry stakeholders in our mission to open up the North American financial sector to the benefits of financial data and technology.