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The Role of Data Assets in the Financial Sector

Author

Listed:
  • Gabor Izsak

    (Magyar Nemzeti Bank)

  • Alexandr Palicz

    (Magyar Nemzeti Bank)

  • Katinka Szasz

    (Magyar Nemzeti Bank)

  • Balazs Varga

    (Magyar Nemzeti Bank)

Abstract

The article presents the anticipated effects of data in the 21st century in the economy, with a special focus on the financial sector. Using successful international examples, it highlights the fact that the transition to a data economy is not merely a measure of efficiency of economic actors but also their key to survival; to ensure this, it is essential that the state assumes a role in making data available, developing competitive digital competences and deepening customer trust.

Suggested Citation

  • Gabor Izsak & Alexandr Palicz & Katinka Szasz & Balazs Varga, 2022. "The Role of Data Assets in the Financial Sector," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 21(1), pages 164-173.
    • Handle: RePEc:mnb:finrev:v:21:y:2022:i:1:p:164-173
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    File URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-21-1-fa1-izsak-palicz-szasz-varga.pdf
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    References listed on IDEAS

    as
    1. Charlotte van Ooijen & Barbara Ubaldi & Benjamin Welby, 2019. "A data-driven public sector: Enabling the strategic use of data for productive, inclusive and trustworthy governance," OECD Working Papers on Public Governance 33, OECD Publishing.
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