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Items tagged with "AI"

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The Impact of AI on Accounting

The Impact of AI on Accounting

AI is quickly transforming the financial industry – with the impact on accounting already being felt. Robotic Process Automation (RPA), for example, has started to reduce some types of contractual processing times, while EY and Deloitte have started to use AI to update their document review process, with AI systems reviewing quite complex contracts after […]

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SEC Experts Interviewed on Structured Data and XBRL Impact on Companies

Do read the interview with Scott Bauguess, Deputy Director and Deputy Chief Economist of the SEC’s Division of Economic and Risk Analysis (DERA) this week from Merrill Corp. Spurred on by what he considered to be a persistent lack of interest and understanding among certain market participants about the importance of standardised data collection and dissemination, […]

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The Hopes and Fears of Accountants – and Accounting Standards Setters – Revealed?

When people talk of how technology is likely to impact the future, the discussion goes one of two ways. Either down a road of fear that technology will bring with it an end to our freedoms and a loss of our jobs. Or that technology will pave the way for a new world where value […]

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Getting the Full Picture

The Malaysian Securities Commission is using correlation indexing techniques to allow the regulator to match up reported financial performance, and stock price movements with news and other announcements that appear in the media and on the web. Structured meets unstructured in a single enterprise analytics framework – great innovation on display.

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Machine learning and artificial intelligence data programming development as a group of gears shaped as a human engineering or computer science student with a graduation cap as a 3D illustration.

More Intelligent Data Quality Rules

The XBRL US Data Quality Committee (DQC) has approved, finalized, and published its 6th ruleset which includes validation checks for filings prepared using the US GAAP Financial Reporting Taxonomy and the IFRS Taxonomy. DQC rules and guidance are designed to be used by issuers to identify and correct errors in their SEC filings. The DQC, […]

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SEC: AI needs Machine Readable Data

The massive EDGAR database serves up 1.5 billion copies of documents filed by public companies with the SEC each year, and these days 85% of those downloads are by ‘bots, not humans. That’s an important signal: regulatory data needs to be human and machine readable. Read more…

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AI
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Establishing Ethics, Best Practices for AI

With the headlines filled with stories about Big Tech’s failings in data privacy and security, questions about how data is stored, used and collated, especially with AI, are suddenly urgent. The Monetary Authority of Singapore has announced that it is investigating regulating the ethical use of the technology and data analytics more generally for consumer […]

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The Danish Business Authority

The Danish Business Authority, Erhvervsstyrelsen, is exploring cutting edge ways to apply a number of machine learning techniques to predict possible corporate failures. It is using the XBRL financial statements that it collects from  the 240,000 or so private companies that operate in Denmark. The goal is to be able to provide early warning information to entrepreneurs […]

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Brain with printed circuit board (PCB) design and businessman representing artificial intelligence (AI), data mining, machine and deep learning, neural networks and another modern computer technologies concepts.

AI to the power of AI

OK… so this is getting a little bit meta… but bear with us. STOXX Ltd., the operator of Deutsche Börse Group’s index business is in the process of launching two competing indices that focus on the opportunity that Artificial Intelligence offers to investors. One index is created from a basket of securities that have been selected […]

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Businessman on blurred background chatting with chatbot application 3D rendering

AI to Help Bank Customers

Major Aussie institution, the Commonwealth Bank of Australia (CBA) has recently unveiled an AI chatbot named Ceba. Available to customers of the CBA, this app-based bot not only provides advice, but can apparently handle over 200 banking tasks, so, it is claimed, can actually do some banking for its customers itself. After authorisation from the […]

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