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For decades, governments have had to rely on out-of-date intelligence to inform vital national and regional decision-making.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data to update the official inflation weights and quantify the resulting inflation bias, as official weights become outdated when…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.
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.
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…
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,…
In this week’s report, spend in the UK was flat 0% versus 2021 (YoY) and up 14% versus 2019 (Yo3Y). Spend in Germany was up 9% YoY and up 8% Yo3Y. In the UK, as we head into the peak holiday shopping season, spend declines are being seen across most High St regions relative to last year. In Germany, in contrast to the UK, spend growth is being seen across the High St and in some select categories including Clothing & Apparel, Sporting Goods and Health & Beauty Stores
In this week’s report, spend in the UK was flat 0% versus 2021 (YoY) and up 10% versus 2019 (Yo3Y). Spend in Germany was up 10% YoY and up 2% Yo3Y. In the UK, Travel spend has picked up ahead of the holiday season. Electronics and Home/Furnishings/Appliances and key food related categories have not shown any major improvements. In Germany, Travel and Public Transport spend growth is above UK levels. Food & Beverage and Grocery/Bakery/Confectionery spending remains consistently higher than last year, continuing the trend seen through H2.
