What kind of data will be available in the Data Hub?
To ensure compliance with confidentiality requirements, the European Commission has decided to build the Data Hub using synthetic data. Synthetic data offers a way for national supervisors to participate in the project without having to make the real data they hold accessible to any third party.
Synthetic data would be generated out of the original confidential data held by the national competent authorities such that:
The real data would never leave the premises of the authority and no external user would access the data.
The data synthetization process is done with a software provided by a private firm whose services have been acquired by the European Commission through a tender procedure.
In summary, synthetic data would ensure full anonymization while preserving the characteristics of the original data that make it relevant for testing purposes.