Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Getting ready for XBRL tax reporting in Hong Kong with draft taxonomy package Hong Kong’s Inland Revenue Department (IRD) has released a preliminary version of its new IRD Taxonomy Package, in…
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Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Regtech: what it is and why it matters Over the last two decades, financial institutions have been subject to an array of new regulatory requirements, requiring firms to measure financial risk…
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Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 IASB issues IFRS accounting taxonomy update The International Accounting Standards Board (IASB) has today issued an update to the IFRS Accounting Taxonomy 2021 to reflect the amendments: … No standard is…
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Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 2022 Regtech outlook 2021 was a tipping point as FinTech became real and the banking sector started to frame the next steps required for a truly digital infrastructure. The need for an…
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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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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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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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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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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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