One data broker told Congress his company relied on public databases or Internet searches to get personal information.
It is instead acting as a "trusted data broker" for researchers and examining what spurs people to consume pirated movies or use legal options.
Wells Fargo says it stopped using the data broker last year.
Instead of being bought up by Star, US Weekly, and the National Inquirer, these snapshots are used to create profiles purchased by marketing companies and other data broker customers.
FORBES: A New Term For Cookies and Online Trackers: The 'Cyberazzi'
Some broker-dealers ask for data at a specific point in time, such as the Flash Crash so they can test their algorithms against it.
FORBES: At NYSE, The Data Deluge Overwhelms Traditional Databases
Even small domestic investors have been getting in on the market moves, with trading value from individual buyers reaching a six-year high in February and accounting for 30% of average daily volume, up from less than 20% last October, according to broker Reorient Group, which cited data from the Tokyo Stock Exchange.
It is this philosophy that will enable broker services and insurers to provide the data organizations need to realize the financial gains promised them so early in the cloud hype cycle.
FORBES: CloudNOW unveils its 2013 cloud computing predictions
Instead of seeing me as an entity they can extract data from, in order to upsell and cross sell, or indeed on order to merchant my data on to other retailers, I want a service provider that I can genuinely trust my data to and who can broker relationships with me across the virtual world.
One way is to require that entities that deny benefits to consumers based upon information obtained from information brokers provide notice to the affected consumer, similar to an adverse action notice under the FCRA. This would allow the consumer to contact the information broker and access and potentially correct the data upon which the denial was based.
FORBES: Brief Takeaways -- and a Pretty Diagram -- from the FTC's Online Privacy Recommendations
Businesses evaluating how to get in on the Big Data boom need to decide which of three possible roles they want to play: information provider, information broker, or creator of networks through which all that Big Data-driven content and context will flow.
FORBES: The Biggest Big-Data Opportunities: How to Choose the Right One
Google has to have at least partial visibility on all this data, if it is to broker things like loyalty card payments.
Some of the weakness was tied to several analysts downgrading expectations of forthcoming U.S. fourth-quarter gross domestic product after the release of monthly trade data, said Dan Pavilonis, senior commodities broker with RJO Futures.
FORBES: METALS OUTLOOK: Uncertainty Still A Hallmark For Gold; Market May Hold Range Bound
"At the moment predicting monthly house price figures is a little like predicting the weather and it would be foolhardy to talk about a recovery based on one set of data, " said Ashley Brown, director of mortgage broker Moneysprite.
Delivered through web-based software, BrightScope data drives better decision-making for individual investors, corporate plan sponsors, asset managers, broker-dealers, and financial advisors.
Buy-side firms are asking for more information on where trades are executed but the data from brokers is hard to use, not standardized and filled with gaps such as how long the broker held a trade to try executing it in its own dark pool before sending it on.
FORBES: High Frequency Traders And Current Market Structures Penalize Investors
应用推荐