Global regulatory agencies demand standardized, digital financial submissions. Regulatory Reporting Technology (RegTech) streamlines compliance and data validation.
XBRL and Inline XBRL (iXBRL)
  • XBRL (eXtensible Business Reporting Language): An XML-based open standard that applies standardized metadata tags to financial statements. Every line item is mapped to a definitive taxonomy element.
  • iXBRL (Inline XBRL): Combines HTML formatting with structured XBRL tags. This allows a single document to be both human-readable in a browser and machine-readable by automated regulatory systems.

SEC Taxonomy Architecture
The SEC requires specific taxonomies (e.g., US-GAAP or IFRS) to structure filers’ data. It defines properties like balance types (debit/credit) and period types (instant/duration).
xml
<!-- Conceptual Example of an XBRL Element Tag -->
<us-gaap:NetIncomeLoss 
  contextRef="CurrentYearDuration" 
  unitRef="usd" 
  decimals="-3">545000000</us-gaap:NetIncomeLoss>
 

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