XBRL News about regtech, LEI in China and sustainability

Here is our pick of the 3 most important XBRL news stories from the last week.  1  EBA assesses benefits, challenges and risks of RegTech use in the EU … The European Banking Authority (EBA) published an analysis of the current RegTech landscape in the EU. The Report assesses the overall benefits and challenges faced […]

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4-part series on Digital Identity. Part 4 = The investor says this is a big opportunity.

Digital identity is a big market, worth USD 13.7 billion in 2019, forecast to grow at a CAGR of 17.3% to USD 30.5 billion by 2024 (according to Markets and Markets™). To quote Markets and Markets: The increased focus on enhanced customer experience is anticipated to be a major driver, and the trend is expected […]

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4-part series on Digital Identity. Part 3 = JoQPublic says this is about the trade-off between privacy & convenience.

Do you do passwords properly (long & complex & frequently changed)? Or do you think life is too short, so you entrust your identity to some service that becomes your gateway to the Internet? Do you find it a bit disturbing that these services know your most intimate secrets, but you are too busy to […]

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4-part series on Digital Identity. Part 2 = The bank says this is about CYA, KYC, KYT and CAC/LTV.

Starting with the rude stuff, CYA = Cover Your Ass. Clean part of headline: KYC = Know Your Customer, KYT = Know Your Transaction, CAC = Customer Acquisition Cost, LTV = Life Time Value. Read on, all will be revealed. For banks this is CYA because they need enough legal cover to minimise fines when […]

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4-part series on Digital Identity. Part 1 = regulators say “stop those bad guys”

Are you really sure I am not a dog? Maybe I am a really smart dog with an AI implant pretending to be a human. Disclosure, Daily Fintech is written by a stealth mode AI venture as a proof of concept. Seriously folks, you cannot know my Identity. To read this post you don’t care. […]

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XBRL News about taxonomy updates and derivatives

Here is our pick of the 3 most important XBRL news stories from the last week.  1 2021 IFRS XBRL taxonomy issued The IFRS Foundation has issued its 2021 IFRS Taxonomy. The IFRS Taxonomy is a translation of IFRS Standards into XBRL (eXtensible Business Reporting Language). The IFRS Taxonomy 2021 is consistent with IFRSs as […]

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XBRL News from the ‘hood and by the book, with tipping points

Here is our pick of the 3 most important XBRL news stories from the last week.  1 Liechtenstein adopts XBRL reporting with new taxonomy News from Liechtenstein. (Not something we see every day!) Its Financial Market Authority (FMA) has developed its own national XBRL taxonomy, including a DPM-based Table and Formula Linkbase. This will primarily […]

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XBRL News about ESEF and regtech / suptech

Here is our pick of the 3 most important XBRL news stories this week.  1 EU allows member states to delay introduction of ESEF by one year The European Parliament and the Council also agreed today to an amendment of the Transparency Directive allowing Member States to delay by one year the application of the […]

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XBRL News about regtech, mostly (ESEF, UK, HK)

Here is our pick of the 3 most important XBRL news stories this week.  1 Global regulatory community lines up behind behind digital reporting The global regulatory community has put its support behind digital regulatory reporting (DRR) initiatives acknowledging supervisors require the ability to collect better quality data more efficiently. The Bank of International Settlements (BIS), […]

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XBRL News: BIS on regtech, 2021 SEC taxonomies and big data for credit

Here is our pick of the 3 most important XBRL news stories this week. 1 Leveraging technology to support supervision: challenges and collaborative solutions Speech by Benoît Cœuré, Head of the Bank for International Settlements Innovation Hub, at the Peterson Institute for International Finance, Financial Statement event series, 19 August 2020. The head of the […]

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