The Bank of England (BoE)has published an update on their FinTech Aelerator program announcing the latest hort of proofs of ncepts (PoCs)along with a status report.The news was shared as part of a speech by Andrew Hauser,Executive Director for Banking,Payments and Financial Resilience delivered at Cambridge this week.There is a transcript of the speech here.
Since the BoE FinTech Aelerator launch in 2016,c.a.200firms have applied to the program and 13PoCs will have been mpleted.Those PoCs have focused on four main technologies particularly relevant to central banks:DLT,large-scale data storage and analysis,machine learning and cyber security.
This time around,the Bank has included an XBRL analytics POC being jointly delivered by NTT Data and Reportix.Their PoC will explore ways of storing,anising and mbining the Bank’s regulatory and analytical data in a more flexible and multi-dimensional way,based on the XBRL standard rather than the current ‘form-centric’(or tabular)format.Adjusting the storage of data in this way uld allow the bank to facilitate broader nnections between the data sets used in its enomic and financial stability analysis,help analyse and visualise trends in new and innovative ways,and make it faster and easier to implement new XBRL-based taxonomies in the future,without having to reformat all of the Bank’s databases.
A highly relevant project for many anisations,no doubt.It’s good to see these kinds of Big Data approaches to analytics being applied to XBRL data sets,and breaking down data silos.
英文新闻:英国央行发布FinTech Aelerator最新动态 |