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 […]
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 […]
The exciting potential of using Large Language Models (LLMs) to analyse financial data, especially structured data like XBRL reports, is becoming increasingly apparent. Imagine asking an LLM to summarise key financial insights directly from an XBRL document – this is the kind of experiment many are eager to begin. However, those embarking on this venture […]
The UK’s Financial Reporting Council (FRC) just launched the public beta of its digital reporting Viewer—great news for anyone who wants easier access to structured company data. This tool lets users view and analyse Inline XBRL reports without specialist software.
By John Turner, CEO of XBRL International, based on an original post on LinkedIn. XBRL is outdated? That’s news to AI—and suggestions from some preparers that AI can replace XBRL remain wildly optimistic! Reality check: AI without structured data is like a self-driving car without roads, maps and experience on the road. It might get […]
In an era in which sustainability is not just a choice but becoming a statutory obligation in much of the world, understanding the landscape is crucial for stakeholders throughout the business data ecosystem.
Last week’s item demonstrating the way that US FFIEC reports (published in XBRL) can be consumed and analysed got a lot of attention. But how is it done?
We found food for thought in a recent article from Irene Liu and team of Accenture, exploring the use of Natural Language Processing (NLP) for regulatory compliance.
We enjoyed the food for thought offered in a recent opinion piece by Jo Ann Barefoot on the case for placing artificial intelligence (AI) at the heart of digitally robust financial regulation.
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