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.
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 […]
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.
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?
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.
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 […]
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 […]
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.
AI is coming fast—and so are the questions. Who’s responsible when it goes wrong? What’s good practice in a sea of grey areas? And how do we harness the tech without losing public trust?
This guest opinion piece is the first 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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