DATA FOR GOOD
The idea of “Data for Good” reflects Fable’s belief that accurate, real-time transaction data should always be used when determining economic policies.
We help make this possible by gifting our data to those in government, academia and research who make the kinds of decisions that can affect all of our lives.
Fable is relied upon by respected global organizations including the IMF, the Bundesbank and HM Treasury.
For decades, governments have had to rely on out-of-date intelligence to inform vital national and regional decision-making. Fable’s ambition is to transform this process by providing the next generation of economic statistics.
We do this on a pro bono basis in the knowledge that a better-informed economy is a better-managed economy. That means our society as a whole benefits too.
Here’s a selection of case studies, showcasing the vital and innovative work that our research partners have undertaken while using our data.
Researchers at the IMF have published another working paper using Fable’s data. The paper demonstrates the advantages of having high-frequency data to help improve the identification of the effects of monetary policy. The differences are particularly noticeable when compared to more traditional data sources on consumption, which are usually subject to less frequent aggregation. Additionally,…
Fable Data announces that the Bundesbank has included our real-time anonymized transaction data in their Weekly Activity Index. For more details about their Wöchentlicher Aktivitätsindex, click here. Fable Data was the first to bring this powerful form of data to the European market, and is delighted to be able to support the work of the…
Using Fable’s transaction data for the UK and Germany, the International Monetary Fund (IMF) has released a Working Paper on changing consumption patterns, and the resulting inflation bias during the COVID-19 pandemic. The paper uses Fable’s data to update the official inflation weights and quantify the resulting inflation bias, as official weights become outdated when…
Consumers in the eurozone are flocking back to bars and restaurants, booking holidays and travelling to work again, according to unofficial data that suggest pre-pandemic patterns of economic activity are re-emerging. In Germany, restaurant bookings and consumer spending are both higher than their levels in June 2019, according to OpenTable and Fable Data, which tracks bank transactions.
We have built strong relationships with multiple international Data Partners. And we have created an innovative and ethical business model. We are able to provide anonymized, factual, large-scale economic snapshots of consumer transaction data. This presents a unique opportunity to enhance both policy-making and research.
Our rigorous compliance protocols confirm our commitment to ensuring that no personal information is ever held by Fable Data.
Fable Data is now voluntarily applying the Code of Practice for Statistics, a standard that providers of official statistics adhere to. Although not mandated for Fable, we are committed to adhering to these practices as a leading provider of alternative data.
You can read our Statement of Compliance with the code here
Yes – at Fable Data, compliance is of utmost importance and we are a personal data free institution. We take a dual approach to anonymising data – we require our data suppliers to carry out anonymisation before sending data over and we apply checks and processes internally. We have proprietary software that goes beyond the current regulatory requirements to ensure that all sensitive and personal data is removed.
Fable Data recognizes the importance of ethical and legal rights when it comes to protecting individual users’ autonomy and privacy. We review our data suppliers’ privacy policies and terms of use to make sure that appropriate consent is taken from individuals before their information is shared or used. At Fable Data, ensuring the safety of an individual’s data is at the forefront of our compliance practices.
At Fable Data, we understand the power of data to improve decision making everywhere. That is why we work with leading financial institutions around the world. Our highly detailed and large scale datasets are generated in partnership with global banks as well as cutting edge open banking fintechs, offering clients access to over 8 billion transactions every year. To ensure our clients always get high quality data, all of our compliance methodologies have been developed with support from both global banks and independent organizations.
At Fable Data, we believe that data is a powerful tool in driving the most effective economic decisions. Our Data for Good initiative provides pro-bono data to universities, research organizations and national and international decision makers across the world. This allows us to help make meaningful changes at every level of the economy. In addition to our non-profit work, we also offer premium services to corporate clients seeking for-profit data solutions. With our commitment to accuracy and timeliness, Fable Data stands ready to contribute towards achieving our vision of a world where all economic decisions are made using the best data possible.
Fable Data is thrilled to announce that we have won the Office for Statistics Regulation and Royal Statistical Society’s 2023 Award for Statistical Excellence in Trustworthiness, Quality and Value
NEW CLUB PRET OFFERING SHOWING EARLY SIGNS OF SUBSCRIBER DOWNTURN Today’s Club Pret subscription continues to give customers 5 drinks a day and an additional 10% off food, but at an increase from £25 to £30 per month. The subscriber offering has changed multiple times over the last three years with a steady incline in…
40% OF MAJOR UK CAFÉ RETAILER SPEND IS CONCENTRATED ACROSS 3 UK REGIONS Spend across major café retailers is highest in Central London, the North West and the South East of England. The market leaders across these regions differ significantly with Pret leading in London, Greggs in the North West and Costa in the South…
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