Posted by Anish Kanayi (View Profile | View All Posts) at 10:44 AM
The banking IT solution
provider can definitely learn a lesson or two from the trends that are emerging from peer industries. An evaluation of the interesting developments in some of these industries, though unrelated, is food for thought and a source of innovative ideas.
Continue reading "What Banking IT Solution Vendors Can Learn From Peer Industries" »
Posted by Anish Kanayi (View Profile | View All Posts) at 5:46 AM
As informed consumers, we never fail to check the expiry date of medicine, or the use by date of edible items. Also, we fret about organic and inorganic consumer goods lying idle, wasting away, consuming space or creating an environmental hazard through decomposition.
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Posted by Anish Kanayi (View Profile | View All Posts) at 11:27 AM
Regulators are unarguably the primary force behind the growing adoption of XBRL by the banking industry, evident from the initiatives of different bodies, such as the Federal Deposit Insurance Corporation in the U.S., Committee of European Banking Supervisors in the E.U., and the Reserve Bank of India, to name a few. Yet, the idea of using XBRL for internal data management and processing is still largely unexplored. XBRL could potentially find application in several areas within banking organizations, since it is ideally suited to facilitating the exchange, processing or consumption of information by rendering the data system readable, standardized and interoperable. Needless to say, the sooner that banks explore XBRL, the more effectively they can economize their processes.
Let us look at some important operational scenarios where XBRL could play a role.
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