It would be hard to understate the impact blockchain and the processes it supports are going to have on the financial industry and business reporting in general. Data standards like XBRL definitely have a critical role to play, which is why this topic will be a key point of discussion at our Singapore conference as well as some other upcoming events.
The CFA Institute is taking an increasingly higher profile stance on the value of structured data, hosting events with XBRL US and XBRL France and taking action on consultations such as this one. This is a reflection of the growing amount of XBRL data around the world and the increasing benefits of using it for […]
In a move that could presage new careers for wordsmiths everywhere, it is becoming increasingly possible to use bots to create text copy based on underlying structured data. This has all sorts of implications. Wired Magazine conducted one test of this emerging technology by having Wordsmith, an automated news-writing bot, create an obituary for noted […]
The European Securities and Markets Authority has published the responses it has received to its consultation on a single electronic format (ESEF) for financial statement filings.
The Financial Stability Board has launched an an initiative to create climate-related financial risk disclosures for use by companies in providing information to lenders, insurers, investors, regulators and other stakeholders.
A few weeks ago, we talked about blockchain in the the context of “Smart Contracts”. These kinds of innovations simply won’t work without the support of structured data. This week, we noticed an opinion piece in TechCrunch Online that has some interesting things to say about the uptake of blockchain technology in the finance sector. […]
The Colegio de Registradores (Association of Spanish Business Registrars) work with the Banco de España to provide a standardised bank credit score to SMEs. The score is based on XBRL company filings from the business registrar combined with benchmark data from across the EU.
Listen to XBRL Board Chair Cees de Boer provide some key insight into the benefits of structured data for internal reporting during a sit down interview at Business Reporting 360 in Copenhagen. He also touches on SBR and the importance of accountability and transparency in business information. Watch the interview.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
