Items tagged with "Digitisation"

Official news on ESEF delays, as early filings begin

While updates have been trickling in in recent weeks, there’s now official news on the European Single Electronic Format (ESEF) mandate. The European Commission (EC) has published a list of countries that have opted for a one-year ESEF postponement due to Covid-19, pushing its start to January 2022.

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Finnish firms almost finished preparing for ESEF

XBRL Finland has carried out a very useful investigation into how the Finnish market is responding to ESEF, the Inline XBRL-powered European common standard for financial reporting.

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GLEIF reveals issuance and infrastructure models for vLEI

The Global Legal Entity Identifier Foundation (GLEIF) has unveiled the issuance and technical infrastructure models that it will deploy in its new verifiable LEI (vLEI) system.

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Digitisation and Data-use Accelerated

It goes without saying that 2020 has been a difficult year, with all sectors facing unprecedented challenges. However, in slim silver-linings news, the stay-at-home orders have accelerated an already-underway pivot to digital across the board. In fact, the need for rapid, high-quality data while tracking the effects of the pandemic has also highlighted just how crucial digital, structured, machine-readable […]

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GLEIF to launch digital, instant LEI Verification

This week the Global Legal Entity Identifier Foundation (GLEIF) announced the next step for the Legal Entity Identifier (LEI): a fully digital LEI service capable of enabling instant and automated identity verification across all industries worldwide.

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Are Central Banks Innovators? 

A recent speech by Benoît Cœuré, Head of the Bank for International Settlements Innovation Hub, at the World FinTech Festival, outlined the role central banks have to play in innovation.

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ING Bank Implements XBRL and Digital Signatures in new Real Estate Reporting

ING Bank in the Netherlands recently launched a new XBRL-based project designed to increase efficiency, trust and transparency in real estate valuation. Following the introduction of XBRL for real estate valuation reports, this new initiative includes the final piece in the puzzle: qualified, digital signatures.

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Seizing Digital Finance Opportunities

The Covid-19 crisis has flipped a digital switch, accelerating pre-existing shifts towards digitalisation and the use of new technologies in business and banking.

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Singapore announces RegTech Grant

The Monetary Authority of Singapore (MAS) has announced the launch of an SGD 35 million Productivity Solutions Grant (PSG) to help smaller financial institutions adopt digital solutions for more streamlined regulatory reporting.

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Japan shifts from Paper to Data in digitalisation drive

Japan is a country well known for its traditions. However, although tourists might love seeing locals sporting kimonos in Kobe, when your Covid-19 data is being recorded by hand and sent via fax, it might be time for an upgrade.

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