FAME Core Values & Onboarding Procedure

FAME Core Values

  1. FAME recognises the impact of its activities on all members of society and strives to promote a fair and inclusive space for all its stakeholders.
  2. FAME does not condone any form of unlawful discrimination and ensures that its activities do not adversely affect any individual or group.
  3. FAME acknowledges the importance of environmental sustainability, designing its products and services with minimal environmental impact.
  4. FAME upholds the highest accountability for all parties involved in developing and operating its products and services, striving for predictability and reliability.
  5. All participants in the FAME Marketplace should make decisions freely without undue pressure, provided with objective, reliable, and transparent information.
  6. Every organisation in the Marketplace should be able to compete fairly and innovate within the established rules.
  7. FAME is committed to respecting European laws and values, upholding privacy, data protection, and intellectual property rights.
  8. FAME acknowledges potential biases in services or products and strives to eliminate them to offer an equitable environment.
  9. FAME believes digital products and services should mitigate negative impacts on society and the environment and avoid premature obsolescence.
  10. FAME ensures that the Marketplace and its technology are safe, secure, and reliable.
  11. FAME is dedicated to serving all EU residents and empowering them in line with the European Commission’s Competitiveness Agenda.
  12. FAME aims to unite people through digital transformation that contributes to a fair and inclusive society and economy.
  13. FAME is committed to providing digital products and services that are easy to understand and reliable, promoting digital, data, and AI literacy.

FAME Onboarding Procedure

Scope

The FAME Onboarding Procedure outlines the steps for onboarding Applicants to the FAME Marketplace. It designates roles and responsibilities to ensure the orderly assessment of each application.

Definitions

  1. Applicant(s): Organisations applying to join the Marketplace and adhering to the FAME CORE Value.
  2. Contributing Members: Individuals or entities responsible for assessing and admitting Applicants, possibly including FAME Consortium or federated members.
  3. Data assets: Data products constructed, maintained, and made available on the Marketplace by an Offeror, accessible to Users per the Transaction Terms.
  4. FAME Marketplace: An information service that establishes a federated marketplace for embedded finance, promoting data valorisation, monetisation, and accessibility.
  5. FAME Values and Objectives: The principles outlined in this document.
  6. Offering(s): Any raw data, AI/ML models, analytical insights, or other services/products available on the Marketplace.

Onboarding Process

  1. Authentication & Verification:
    1. Applicants must complete the onboarding procedure to join the Marketplace.
    2. They must submit verified corporate information and documentation, including a signed copy of the Marketplace terms and conditions.
    3. Offerors must provide a detailed description of the data asset(s) they plan to publish, along with relevant certifications.
    4. After submission, Applicants are assessed by the Contributing Members.
    5. Data assets must be secure, reliable, and legally compliant, in addition to meeting Marketplace rules.
    6. All confidential information provided is kept confidential.
    7. Personal data is processed in line with FAME’s CORE Value.
  2. Assessment:
    1. Contributing Members assess Applicant eligibility and decide on admission.
    2. The process must be transparent and fair.
    3. Each candidate receives appropriate consideration in line with FAME’s interests.
    4. Decisions must be justified according to FAME’s CORE Value.
    5. Conflicts of interest must be disclosed before assessment begins.
    6. Applicants are informed of the decision within a reasonable timeframe.
    7. All decisions are documented; rejected Applicants cannot reapply for six months or under alternate identities.

Voting Rules

  1. Only Contributing Members can vote.
  2. The voting system must be secure.
  3. Votes cannot be transferred to external entities.
  4. Voting occurs within a set timeframe.
  5. Each vote is registered for transparency.
  6. Contributing Members are notified when their vote is recorded.
  7. The system must be user-friendly and accessible.