Australia’s Productivity Commission has issued a wake-up call: it’s time to leave PDFs behind. In its final report on Harnessing Data and Digital Technology, released late last year, the Commission recommends making iXBRL based digital financial reporting mandatory for disclosing entities.
Although sustainability regulations worldwide can bring complex compliance demands, the move to digital reporting is about more than ticking boxes.
In an era where financial security can feel uncertain, digitalisation is rewriting the rules of how Europeans engage with insurance and pensions. Tools powered by artificial intelligence are involved in claims processes and being used to work through complex choices, while online platforms make it easier than ever to compare products and track retirement savings.
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