The gruesome (and grueling) days of painful re-keying of data may be coming to an end. Could data standards be the magic bullet? The National Association of Surety Bond Producers (NASBP) has been touting the value of financial data standards for several years now. Why data standards? Because they are a proven tool to eliminate […more]
SEC Commissioner Kara Stein gave an address to the Council of Institutional Investors named “Improving Information for Investors in the Digital Age”. Here are some notable quotes from the Commissioner: …Just a few weeks ago, a group of institutional investors, asset managers, state treasurers, and others petitioned the SEC. They asked the Commission to require […more]
SEC Launches Strategic Hub for Innovation and Financial Technology (FinHub). The FinHub will serve as a resource for public engagement on the SEC’s FinTech-related issues and initiatives, such as distributed ledger technology (including digital assets), automated investment advice, digital marketplace financing, and artificial intelligence/machine learning. FinHub activities include: 1) Provide a portal for industry and the public […more]
This Taxonomy was developed as part of the U.S. Department of Energy Solar Energy Technologies Office-funded Orange Button SM program, that aims to make it easier to aggregate and share solar data, facilitating more efficient and cost-effective financing of distributed energy projects. SunSpec Alliance heads the Orange Button project team that is tasked with establishing […more]
Investors, solar developers, software providers encouraged to participate SAN FRANCISCO–(BUSINESS WIRE)–SunSpec Alliance and XBRL US announced today the start of a second 30-day public review period for the Orange Buttonsm data standards for solar financing. The digital dictionary of terms, called a taxonomy, was developed through Orange Button which is a U.S. Department of Energy Solar Energy Technologies […more]
Investors, developers, software providers are encouraged to participate SunSpec Alliance and XBRL US announced today the launch of a 30-day public review period for the initial draft of Orange Button data standards for solar financing. The digital dictionary of terms, called a taxonomy, was developed as part of the U.S. Department of Energy SunShot Initiative’s […more]
In order to provide comments that will be considered by XBRL US as part of the Public Review process for the Solar Financing Taxonomy, you must agree to terms and conditions for public comment. By completing the form below with valid name and email information and clicking “I agree to the terms for public review […more]
Standards have been used to successfully automate the collection of data for surety underwriting which historically has been a highly manual process. XBRL was used to enable the consistent and accurate consumption of financial data from contractors into a surety’s financial database, helping to streamline contractor access to credit and increase underwriting efficiency.
XBRL US and ConsenSys, a blockchain technology company, announced the formation of a working group to develop standards for tokenization of assets on the blockchain. A token is a digital representation of an asset, e.g., debt, equity, cash or a physical asset (i.e. a vehicle or a piece of artwork).
Inline XBRL could just tip the scale towards the adoption of standards in corporate actions.