Posts tagged as ‘LEI’
Thanks to a generous invitation from Terrapinn, Data Coalition leadership spent nine days in Sydney and Canberra meeting leaders at the vanguard of Australia’s digital transformation.
Last week, the Data Coalition responded to the newly released Federal Data Strategy. Our response provided high-level commentary on the draft principles as well as six proposed use cases that the Administration could potentially work into the prospective Data Incubator Project.
The inaugural RegTech Data Summit’s thesis was that regulatory rules, technology, and data must be modernized in a coordinated fashion. If all three areas are modernized in tandem, new RegTech solutions will flourish, reducing reporting duplication, minimizing reporting errors, and enabling automation.
Progress in RegTech has been seen in the private sector as access to quality data improve. This progress has not been mirrored in the private sector here in the United States, but the potential to improve government efficiency is not far off.
We’ve just released our 2018 Policy Agenda - our plan for the reforms that will turbocharge the data transformation this year.
A new procurement announcement from the General Services Administration (GSA) has confirmed that the U.S. federal government is seriously considering a new, open future for the way its contractors and grantees are identified. The end may be in sight for the status quo, in which one company holds a monopoly over contract and grant spending data.
The GSA has given Dun & Bradstreet, Inc., a monopoly over the code that identifiers every company that has, or seeks, a contract with the federal government. The tech industry is beginning to recognize that public contracting information shouldn’t be tracked using a proprietary system.
Alex Pollock - former president and CEO of the Federal Home Loan Bank of Chicago - told the 2017 Financial Data Summit that "the time has really come" to standardize financial regulatory data.
Twenty-eight Members of the House of Representatives, led by Rep. Darrell Issa (R-CA), have reintroduced the Financial Transparency Act (H.R. 1530). If enacted, the Financial Transparency Act would be the nation’s first RegTech law. The bill would modernize the U.S. financial regulatory reporting process from unstructured documents into fully searchable, standardized, and machine-readable data.
Last Friday, the General Services Administration, which manages the government-wide database of grantees and contractors and which administers the government-wide contract with D&B, released a Request for Information on alternatives to the DUNS Number.