ThinkTwenty20’s recent spring issue focused on regulatory reporting, drawing from a number of interesting perspectives in the field. Mike Willis, the US SEC’s Assistant Director of the Office of Structured Disclosures, highlighted the importance of standardisation in all supply chains – from the railways, to barcodes, to business information, and now, for data that will enable […]
A huge congratulations to Rachel Carpenter, co-founder, and CEO of Intrinio, who has been selected for the Forbes 30 Under 30 Finance list for 2020. Intrino is a US start-up that offers a user-friendly API for financial data analysis and aggregation. Amongst other feeds, the company pulls data directly from company XBRL filings, providing high-quality data […]
As we heard at Data Amplified 2019, the Sustainability Accounting Standards Board (SASB) believe that structured data and standards are crucial to effective sustainability disclosure. To make digital sustainability reporting as simple as possible for issuers, and to make data aggregation and analytics as convenient and effective as possible for investors, SASB are working to develop […]
XBRL US has submitted a comment letter strongly recommending that the SEC adopts financial data standards for information affected by the Modernization of Regulation S-K proposals. As previously reported, the SEC recently submitted a proposal to amend regulation S-K, including various changes to disclosure requirements designed to improve the readability of disclosures, discourage repetition and discourage […]
On Friday 24 October the US Securities and Exchange Commission (SEC) published a new rule proposal aiming to ensure all required information for fee calculation is in structured format using Inline XBRL. The proposal would amend fee bearing forms, schedules and statements so that the fee table and explanatory footnotes for the fee table are […]
Maria Mora, Principal Engineer on Artificial Intelligence and XBRL Expert at Fujitsu Laboratories of Europe, demonstrated the exciting work Fujitsu are doing developing explainable AI for finance. Financial services are demanding more advanced AI solutions. They want to apply AI to numerous situations that require high credibility, such as sales predictions, risk management for investment, […]
Madhu Matthew from the Sustainability Accounting Standards Board (SASB) gave Data Amplified an introduction to the importance of structured data to the work SASB are doing to connect businesses and investors on the financial impact of sustainability. Much sustainability information today is reported from a marketing perspective, in a glossy CSR report with rampant greenwashing. […]
We are in an era characterised by the explosive growth of new economies. New, rapidly expanding industries on the cutting edge of technology are increasingly the driving force of economic growth. Think Amazon, Apple, Tencent, Alphabet, Alibaba and Samsung. But how can the value of new economies best be recorded within financial statements? And should […]
Continuing on the theme from last story, what is the next big disrupter in financial markets? You guessed it. According to a recent Greenwich Associates report, Artificial Intelligence (AI) is set to have a big impact, with 44% of capital market professionals saying that their firms are already using AI in their trading processes. Firms […]
In 2018 Florida passed a bill that could require local governments to submit financial data in machine-readable format. California has recently followed suit, and the second version of the Demonstration Comprehensive Annual Financial Report (CAFR) Taxonomy, currently out for review, will also aid the process. But what benefits would standardisation bring? Beyond abstract accolades of increased transparency, […]
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