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Financial Services & RegTech
Incentivizing Improved Market Data and Regulatory Technologies
Market and RegTech (regulatory technology) data reflect information collected and used in the financial regulatory system. Data are gathered through regulatory reporting and involves the application of emerging technology, supported by the use of open data standards. Proposals to modernize the financial regulatory reporting system to require standardized, machine-readable data will foster an environment for emerging technologies and applications. This will improve efficiency within the financial sector and regulatory reporting. RegTech applications can republish, analyze, and automate reporting processes providing deeper insight, cut costs, and enhance fraud prevention. Government and industry must work together to standardize, share, and use high-quality regulatory data.
The Data Coalition advocates for policies to modernize the financial regulatory system’s reporting requirements, facilitating cooperation between regulators and regulated industries. Activities include:
A recent webinar explored the potential for standard business reporting (SBR) principles to create a connected, standards-driven ecosystem that delive… More...
This week, we explored how the FDTA mandates for machine-readable, non-proprietary, searchable data can serve as the catalyst to bring SBR-style effic… More...
This paper provides a practical roadmap for implementing the Financial Data Transparency Act (FDTA) in a way that accelerates the U.S. journey toward … More...
The growth of AI in 2026 could necessitate maturity and learning, driven by anticipated value and the promise of efficiency/cost improvement, and/or r… More...
Delivering high-quality data at scale has been one of the biggest challenges facing data professionals. The good news is, with AI, the toolkit to tack… More...
This is part of a series of articles for the benefit of implementing the Financial Data Transparency Act of 2022 (FDTA) and focuses on what is meant b… More...
The Data Foundation and Workiva have teamed up to publish Transparent State and Local Financial Reporting: The Case for an Open Data CAFR. The report explores why state and local Comprehensive Annual Financial Reports (CAFR) should be submitted and published as open data. The p…
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