Login

Items tagged with "AI"

How to Audit AI

Technology is changing the world of audit. From the systems auditors rely on to improve the accuracy of their audits, to the data (soon to include, under ESEF, XBRL tagging) that requires review, tomorrows’ auditors must know how to work digitally.

Read more


Leveraging Technology to support supervision

In a recent speech Benoît Cœuré, Head of the Bank for International Settlements (BIS) Innovation Hub, asked the listener to imagine a world where regulators have access to big data sets of high granularity, diversity, and frequency.

Read more


IOSCO consult on AI

AI and machine learning (ML) are playing an ever-growing role in financial markets around the world – and while these new technologies can reduce costs and increase speed for firms and investors, they also come with an element of risk.

Read more


Eurofiling: XBRL Data feeds Explainable AI Models

Amongst several fascinating presentations at the Eurofiling Innovation Day this week was an interesting demonstration on how XBRL reports can be used as the basis of explainable AI for bankruptcy prediction.

Read more


How to handle Big Data

Central banks and national statistical offices have increasingly been looking to big data sets and analytics to provide new insights – but managing data of this magnitude requires new data platforms. This week a Bank for International Settlements (BIS) report breaks down how best to deal with big data. Novel big data sets – such […]

Read more


News Item

How can XBRL and AI work together? 

XBRL is now the standard for financial reporting, providing machine-readable data with vastly improved accuracy and quality to regulators worldwide. With significant amounts of structured data increasingly available, how can AI be used to turn that information into insight? While some AI programmes are designed to be able to deal with data that is unstructured, […]

Read more


An AI Regulatory Roadmap

A recent Centre for Finance Technology and Entrepreneurship (CFTE) paper develops a regulatory roadmap for addressing the increasing role of AI in finance, focusing on how human involvement can deal with ‘black box’ issues. The paper identifies three regulatory challenges from AI in finance. Firstly, AI algorithms increase information asymmetries between various users and developers. […]

Read more


News Item

European Commission launches New Data Strategy

This month the European Commission launched Europe’s ambitious new data strategy with a flurry of documents and two new consultations. Over the next five years the EU plans to create a single market for data that complements the common economic market ensuring that data should be able to flow across countries and sectors within the […]

Read more


Where Next for Data?

As the year draws to a close ITProPortal has taken a stab at predicting how data use will change in 2020. Much of their predictions centre around improvements in AI analysis – which the expansion of structured data around the world will help facilitate. They predict that developments in AI and machine learning will mean patterns across […]

Read more


Machine Learning on the Rise in Financial Services

A Bank of England (BoE) report has found that the use of machine learning (ML) is on the rise in financial services. The report is based on a joint survey from BoE and the Financial Conduct Authority in 2019 of 106 firms. The UK economy is increasingly powered by big data, with financial services in particular […]

Read more



Newsletter
Newsletter

Would you like
to learn more?

Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.

By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy