News

IFAC Recommends Smarter Regulation to the G20

By Editor on November 30, 2018

In advance of the G20 Summit this month in Buenos Aires, Argentina, the International Federation of Accountants (IFAC) released a list of ten recommendations for G20 countries to support the global economy. Centring around the need to pursue smart regulation, greater transparency and inclusive growth, the recommendations are designed to help rebuild public trust in institutions and advance economic progress.

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FSB Explore Fintech Innovation for Security

By Editor on November 30, 2018

The Financial Stability Board (FSB) has highlighted the importance of encouraging innovation for financial stability in a letter that draws attention to issues for G20 leaders to consider.

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Cyborg Supervision

By Editor on November 30, 2018

What does the future of regulation look like? Is there a tension between a supervisory regime that seemingly relies on human judgement, but is increasingly investing in automation, machine learning and AI?

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The More SBR the Better

By Editor on November 30, 2018

Mark Bissschop from SBR Banken has written an article for Accountancy World heralding the benefits of Structured Business Reporting (SBR) and calling for further expansion.

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Workiva are Unlocking the Value of Data

By Editor on November 23, 2018

More and more securities markets around the world are shifting to collect data in iXBRL, and thanks to the work of the XBRL community on improving data quality, that data is more consistent and understandable than ever. That said, no matter how much high-quality data there is, it’s not helpful if it isn’t consumable.

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Moving Inline XBRL Beyond a Compliance Function

By Editor on November 23, 2018

The importance of easy data consumption was a key theme at Data Amplified this year. There has been a focus on making sure XBRL data fits the requirements of regulators but many speakers recognised the importance of data consumption – easy access to structured data creates increased visibility and usability for new users.

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Speaking of Design and Inline XBRL…

By Editor on November 23, 2018

XBRL International’s Technical Director, Paul Warren demonstrated the way that fully valid Inline XBRL documents can be created that are indistinguishable from “glossy” PDFs, while still containing all of the markup that regulators (and markets) need. We will be publishing a range of information about these techniques and some examples will be made available on […]

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Natural Language Analytics

By Editor on November 23, 2018

Perhaps the most talked about presentation at Data Amplified came from José Antonio Huizar Moreno, CEO of 2H Software, who demonstrated a deeply impressive natural language query tool building on the potential to access XBRL data through an open API.

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Open API for Reporting a Key Part of Our Future

By Editor on November 23, 2018

The conference also saw the initial release of an experimental Open API for Reporting that promises to greatly simplify analysis, making information more accessible and usable.

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Blockchain and Inline XBRL Used to Build Smart Contracts

By Editor on November 23, 2018

Data Amplified 2018 saw presentations demonstrating how entrepreneurs and reporting ecosystems are starting to use blockchain technology in reporting.

Dennis Knochenwefel, founder of Reportix, demonstrated the use of Inline XBRL and Blockchain to automate and enhance insurance contract management with “smart contracts” embedded into the system.

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