Income volatility (banking data) with Smart Data Foundry

Smart Data Foundry is an organisation that collaborates across various sectors to harness data for public good. They focus on leveraging data insights to drive positive change and support research, particularly in finance, economics, and social policy.

Understanding income volatility in the UK

There is a significant gap in evidence on within-year earnings and income volatility in the UK. To address this, we have partnered with Smart Data Foundry to develop a free online interactive tool powered by near real-time banking data.

We are offering 2 avenues for interested parties to access and interact with this vital data:

• Free public dashboard: anyone can use this dashboard to view summaries and aggregations of near real-time banking data by geography, demographics, and financial activities.

• Researcher’s data haven: researchers and academics can access raw data by submitting and getting approval for research proposals focused on income volatility and related issues.

Transforming research and understanding

This initiative will not only strengthen our relationship with the research community but also provide unprecedented access to information on economic insecurity trends. It will enable better analysis informed by transactional data, leading to a robust knowledge bank of research and insights. Over time, this will enhance our understanding of income volatility and help identify potential solutions to this pressing issue.

Join us in tackling income volatility

Income volatility presents a growing challenge for many households, and innovative data-driven approaches are essential for developing solutions. By partnering with Smart Data Foundry, we can harness the power of banking data to better understand and address this issue.

If you're ready to contribute to this important work and gain access to valuable insights, log in to the Smart Data Foundry portal.