PitchFest: Unlocking the Vision of the Financial Data Transparency Act 2023 | Data Foundation | 5 December 2023 | Virtual

For this event, selected speakers will have up to 10 minutes to pitch their best ideas on how to use the improved financial regulatory information and data.
Presenters will have the opportunity to showcase their idea to our panel of 3 experts and a live virtual audience. Following the event, the panel will vote on the winning pitch!
We want to tap into the art of the possible and the data communities creative thinking! Once implemented, the FDTA will improve efficiency and government operations, reduce compliance burden, and improve data accessibility, searchability, and comparability to the benefit of regulators, investors, companies, and society. The FDTA encourages financial regulators to harmonize data collections and standards on information already collected – moving to machine-readable forms, reduce filers’ compliance burden, increase analytical capabilities, and enhance transparency and accountability. The new law amends securities and banking laws to make the information reported to financial regulators including the Securities and Exchange Commission, Consumer Financial Protection Bureau, and Financial Deposit Insurance Commision, among others, electronically searchable and to further enable the development of regulatory technologies and artificial intelligence applications.
Just think! If you had access to better, reliable, comparable, and high-quality financial regulatory data, what else would be improved?
Examples could include and will not be limited to:
• Rapidly identify risk and map exposure
• Compliance: Seamless filings across multiple regulatory bodies to cut down on compliance costs
• Improving capital reserve calculations
• KYC: Identifying and Preventing Fraud
• New and Improved Statistical Reporting
• Cross-border entity verification
• Supply-chain integrity