Login

Items tagged with "Big Data"

Big Data Could Warn of Company Distress

The Danish Business Authority, one of Early Warning Europe’s 15 partners has developed a machine learning tool that uses publicly available accounting data to identify companies in financial distress.

Read more


Big Data for Better Government

In a series of articles on Forbes discussing the influence of technology on municipal governments and the municipal bond market Barnet Sherman has highlighted the positive effects of data analytics. Technology and data are driving a push for evidence-based policy in municipal governments. Big data analytics is being looked to for better planning and execution, […]

Read more


News Item

Alternative Data for Faster Economic Predictions

An article by Robin Wigglesworth in the Financial Times this week calls out the fact that if governments don’t ensure they have access to new, useful sources of alternative data, policymakers risk being left in the dark in an increasingly data-rich world.

Read more


Big Data for Faster Predictions

The UK’s Office for National Statistics (ONS) is utilising novel forms of data to make more timely predictions about the UK economy. The ONS has shown how taking advantage of new technologies can offer a chance to get much quicker signals of change in the economy. The Faster Indicators of UK Economic Activity project released its […]

Read more


EBA Launches PSD2 Register

Managing access to personal data is a central question in many aspects of the global economy and at the forefront of many debates on a host of issues. Not least in payments.

Europe is pushing in two directions on payments infrastructure: making it easier to access, while strictly restricting access to authorised entities. The “Payments Services Directive (PSD2)” is opening up access to authorised groups, through Open Banking APIs. At the same time, the privacy provisions that define who can access what have been greatly tightened. Confused? Well, this week the European Banking Authority launched its central register of the thousands of payment and electronic money institutions operating under PSD2. Perhaps it might help.

Read more


News Item

EBA Urges Banks to Turn to Data

The European Banking Association (EBA… not to be confused with the other one) have published a report looking at the opportunities digital technologies are creating for banks. The increased digitisation of finance has been seen as a threat to their dominant role. The rise of open banking, driven by shifting consumer demand, combined with new […]

Read more


News Item

Connect the Data Dots for Financial Stability

“An indiscriminate adoption of Big Data runs the risk of collecting – without connecting – too many dots,” argue Luiz Awazu Pereira da Silva, Deputy General Manager of the Bank for International Settlements (BIS), and Goetz von Peter, Principal Economist at the BIS. Their remarks, based on a speech delivered at the Ninth European Central […]

Read more


News Item

Implications of Data Privacy Regulations on Fintech in Asia

Vast quantities of quality, appropriately shared data is key to developing more efficient financial services that meets the needs of customers in the digital age. How can regulators ensure proper privacy while still ensuring that Fintech firms can access the information they need? A report from ASIFMA this week taps into the growing recognition that collaborative, homogenous regulation and data harmonisation across borders are essential for modern technologies to be properly utilised.

Read more


Data Revolution in Financial Markets: Consequences and Solutions

Markets have always relied on trust and information to function; however, the accelerating changes in the data economy over the past decade require new approaches. In an important speech, SEC Commissioner Kara Stein outlined several issues that financial regulators, companies and markets need to react to. These are issues that “affect you, your money and your identity” as she puts it.

Read more


Central Banks Look to Big Data

A recent Central Banking magazine survey conducted in conjunction with Bearingpoint, shows the increasing importance of big data to central banks – however, also highlights that there are data quality and management issues that need improving to maximise the potential of this information. Working with big data is fast becoming a mainstream activity for central […]

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