Updates

Posted Wednesday, May 3, 2017

Financial Data Standards Successful at Automating Data Collection in Surety Underwriting

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.

Posted Wednesday, December 14, 2016

XBRL US & ConsenSys Form A Working Group To Develop Blockchain Tokenization Standards

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).

Posted Friday, December 2, 2016

Inline XBRL is not just for financial statements – make way for corporate actions.

Inline XBRL could just tip the scale towards the adoption of standards in corporate actions.

Posted Wednesday, July 20, 2016

XBRL US Joins SunSpec Alliance to Develop Data Standards for Solar Industry

XBRL US joins a SunSpec Alliance project team establishing data standards as part of the Department of Energy’s Orange Button program to make it easier to aggregate and share solar data, facilitating more efficient and cost-effective financing of distributed energy projects.

Posted Wednesday, July 20, 2016

Solar

XBRL US, in partnership with the SunSpec Alliance and the solar industry have developed a Candidate release of the Orange Button Taxonomy 1.2, for the financing of solar projects. While the initial release is now available, comments can still be submitted through the taxonomy viewer, Yeti, and will be considered for the second release of […more]

Posted Friday, May 13, 2016

SEC Publishes Crowdfunding Regulation

Under the Securities Act of 1933, the offer and sale of securities must be registered unless an exemption from registration is available.  Title III of the Jumpstart Our Business Startups (JOBS) Act of 2012 added Securities Act Section 4(a)(6) that provides an exemption from registration for certain crowdfunding transactions. In 2015, the Commission adopted Regulation […more]

Posted Thursday, May 12, 2016

Altova Introduces Work in Process (WIP) XBRL Add-In for Excel

The Altova Work in Process (WIP) XBRL add-in for Excel makes it easy for contractors to submit WIP reports to sureties in a valid XBRL format – simply by entering the information into a spreadsheet in Excel. Learn more.

Posted Thursday, May 12, 2016

Frequently Asked Questions – FinTech

Posted Monday, May 2, 2016

XBRL US Surety Working Group Publishes WIP Taxonomy Release and Business Case

Data standards in surety underwriting will improve efficiencies, accuracy and timeliness The Surety Working Group formed under XBRL US announced today the completion of the Proposed Recommendation of the Work-in-Process Taxonomy, a digital dictionary of terms to describe reported values for costs, revenues and gross profit used to identify risks and determine eligibility for surety […more]

Posted Sunday, May 1, 2016

FinTech

Technology can automate financial services, creating efficiencies and reducing cost. Accurate, timely information drives financial markets. And within the past two decades, technology-driven data standards have dramatically increased the efficiency of financial products. So it’s only logical to consider how they can be incorporated into fintech offerings. Without data standards, the automation and speed promised by new financial technologies, like […more]