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Items tagged with "AI"

Stop Feeding AI Junk – How XBRL-MCP Can Deliver Clean Business Data

This guest opinion piece is from Janis Steinman. Janis is the Head of XBRL at Lucanet, a leading software house that provides CFO Solution Platforms to enterprises across the world. He is also the Chair of  XBRL International’s Best Practices Board. Janis has collaborated in developing this article with José Antonio Huizar Moreno, the CEO […]

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Steps to a new reality: navigating challenges in AI-enhanced XBRL analysis

In the latest guest post on the XBRL International blog, Björn Fastabend, head of XBRL collection at Germany’s Federal Financial Supervisory Authority (BaFin), once again brings a regulator’s perspective on the practical challenges of integrating AI into digital supervision.

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With AI, structured data wins the day

A new academic study led by Professor Ariel Markelevich of Suffolk University, published 3 July, puts artificial intelligence (AI) under the microscope by testing how well it reads financial statements.

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Steps to a New Reality: Navigating Challenges in AI-Enhanced XBRL Analysis

This guest opinion piece is the third in a series from Björn Fastabend, bringing us a regulator’s perspective alongside a wealth of experience in digital reporting. Björn is head of the XBRL collection and processing unit at BaFin, Germany’s Federal Financial Supervisory Authority, where he supervises all related activities and leads the implementation of strategic […]

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Auditing with AI? New guidance navigates a range of tools.

Auditing in the age of artificial intelligence (AI) has seen a watershed moment with the UK Financial Reporting Council’s (FRC) release of sign-of-the-times guidance on documenting and deploying AI tools.

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Is AI ready to revolutionise financial analysis?

Artificial intelligence promises to transform how we analyse financial (and other business) data, with major platforms launching ambitious tools to democratise investment insights. But behind the excitement lies a critical question: can AI actually understand what it’s reading?

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Turning XBRL analysis into a chat with your data: how regulators can harness AI

We know AI is powerful. It promises big: critical insights from overwhelming data volumes, actionable findings from vague hunches, and the answers to the questions you didn’t even know you needed to ask.

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Beyond the Hype: How Structured Data Can Save AI Financial Analysis

XBRL International CEO John Turner on the need for digital analytics to be grounded in traceable, high quality, digital data. AI is coming for financial analysis, and it’s coming fast. Will that mean actionable insights or a hot mess of guesswork and hallucinations – and how do we know? In the last couple of weeks […]

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From Data to Insights: AI-Powered XBRL Analysis in Practice

This guest opinion piece is the second in a series from Björn Fastabend, bringing us a regulator’s perspective alongside a wealth of experience in digital reporting. Björn is head of the XBRL collection and processing unit at BaFin, Germany’s Federal Financial Supervisory Authority. He is also a member of XBRL International’s Board of Directors, and […]

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FCA bets big on AI with NVIDIA-powered sandbox

The UK Financial Conduct Authority (FCA) has unveiled its boldest move yet to support AI in financial services: a new “Supercharged Sandbox” developed in partnership with tech heavyweight NVIDIA. Announced earlier this week, the initiative gives firms a secure space to experiment with artificial intelligence—equipped with top-tier computing power, better data, and tailored regulatory guidance.

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