Regulators face a tremendous challenge to collect, analyze, and disseminate data from the entities they oversee. They must ensure that the data they receive is timely, accurate, and standardized. They need the tools to analyze and share this data with other stakeholders.
IRIS Business Services is a Regulatory Technology company that specializes in providing innovative solutions to regulators and supervisory bodies. With its cutting-edge XBRL-based solution, IRIS helps regulators to standardize and automate data collection, processing, and analysis. IRIS has a deep understanding of the complexities of regulatory compliance and has built its solutions to address the specific needs of regulators in various domains.
Regulators face a tremendous challenge in collecting, analyzing and disseminating data from the regulated entities they oversee. They need to ensure that the data they receive is accurate, timely and standardized, and that they have the necessary tools to analyze and share this data with other stakeholders. This is where XBRL/iXBRL comes in. XBRL/iXBRL is a standardized format for tagging financial data, making it easier to process, analyze, and exchange information.
IRIS Business Services is a RegTech SaaS firm that specializes in providing innovative solutions to regulators and financial institutions. With its cutting-edge XBRL/iXBRL solutions, IRIS helps regulators to collect, process, and analyze data from the entities they regulate in a standardized and automated way. IRIS has a deep understanding of the complexities of regulatory compliance and has built its solutions to address the specific needs of regulators in various domains.
With IRIS’ iFILE™ architecture, a comprehensive XBRL-based reporting platform may be developed. It features a flexible and modular component design architecture. The framework is simply deployable by any reporting authority within its jurisdiction, as well as within organizations. Utilizing the web and client components, businesses and other reporting organizations can establish a reporting platform that links to the required filing authority.
IRIS iFILE™ supports XBRL and non-XBRL data formats. It can be integrated with other information systems during the development or dissemination or analysis of XBRL data. IRIS iFILE™ is currently utilized in numerous regulatory areas, such as financial markets, banking, and e-governance.
IRIS iFile® is an all-in-one solution that offers a filing platform, XBRL | iXBRL processor, validator, workflow module, user and entity management, XBRL Parser, and iXBRL previewer, among other features. As a result, it facilitates XBRL data collection by binding all necessary components together, providing an efficient and streamlined experience for regulators and filers alike.