a case study: enhanced banking analytics presented by: liv a. watson vice president xbrl – edgar...
TRANSCRIPT
A Case Study: Enhanced Banking Analytics
Presented by: Liv A. Watson Vice President XBRL – EDGAR Online, [email protected]
10TH XBRL INTERNATIONAL CONFERENCE, Brussels 10TH XBRL INTERNATIONAL CONFERENCE, Brussels November 2004November 2004
Today’s AgendaToday’s Agenda1
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Highlights from the studyHighlights from the study
Demo Demo
Benefits of Market Data AggregatorBenefits of Market Data Aggregator
About EDGAR OnlineAbout EDGAR Online
Potential for the commercialization of call-Potential for the commercialization of call-report data in XBRLreport data in XBRL
IntroductionIntroduction
EDGAR®
Electronic Data Gathering Analysis and Retrieval: The SEC database of all US company filings and the source for most US business news and analysis
EDGAR® Onlinesm
EDGAR Online is a leading provider of value-added business and financial information on global companies to financial, corporate, and advisory professionals.
Corporate Overview
Our Products Seat-based subscription services API’s and Data feeds Custom Solutions
Our Customers
Nasdaq Listing Qualifications
Professional Users - Corporations, Financial Institutions, Legal Data vendors and e-content providers
Strategic Partners: Microsoft Hitachi Yahoo
….
Today’s Agenda
1
5
2
3
4
Highlights from the studyHighlights from the study
Demo Demo
Benefits of Market Data AggregatorBenefits of Market Data Aggregator
About EDGAR OnlineAbout EDGAR Online
Potential for the commercialization of call-Potential for the commercialization of call-report data in XBRLreport data in XBRL
Modernizations of the Collection and Distribution of Banking Call Reporting Data
On June 17, 2003 The Federal Financial Institutions Examination Council (FFIEC) announced the first step in an interagency effort to modernize and streamline how federal bank regulators collect, process and distribute quarterly bank financial reports.
Implementation TeamImplementation Team
About the Study Q3/04 - EDGAR Online initiated a market feasibility study
to evaluate the opportunity for commercialization of the modernization of FDIC Call Report reporting process. Research Methodology:
Sampling Investment Banking, Equity Research, Treasury Departments at Banks,
Industry Researchers Government Agencies, Others
Survey/In-Depth Interviewing combination of a survey (specific questions) and an in-depth interview (informal
open-ended questions).
Supply Chain: 1 2
Commercialization of Call Report Data in XBRL:
Potential Issues: Regulatory and Public
Data Dissemination: Primary issue is regulatory
agencies potentially competing with the commercial market place versus public accessibility. Data aggregation
Industry analysis Aggregated reports Statistics Qualitative analysis
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Industry AnalysisReport & Statistics
Commercialization of Call Report Data in XBRL:
Commercialization: Limited Market for Call
Report Data alone.
Market Opportunities: Add Additional Data Set
News, SEC Filings, International data, ect
Additional Value Add Predefined searches,
calculations, graphic displays ect.
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Sample Analysis of Call Report Data: Takeover and merger Analysis of regional banks Research reports Industry analysis Peer analysis Derivative investment Affiliate revenue analysis
Today’s Agenda
1
5
2
3
4
Highlights from the studyHighlights from the study
Demo Demo
Benefits of Market Data AggregatorBenefits of Market Data Aggregator
About EDGAR OnlineAbout EDGAR Online
Potential for the commercialization of call-Potential for the commercialization of call-report data in XBRLreport data in XBRL
Highlights Summary
Majority of the people interviewed did not know about the FFEIE modernization project. Users overwhelmingly support for modernization.
Main drivers: Lack of timeliness, depth, accuracy and use of the available data
Preferred Tools: Browser based or Excel Market Place
Few concentrated vendors Many users get there data directly from the FDIC
website
Today’s Agenda
1
5
2
3
4
Highlights from the studyHighlights from the study
Demo Demo
Benefits of Market Data AggregatorBenefits of Market Data Aggregator
About EDGAR OnlineAbout EDGAR Online
Potential for the commercialization of call-Potential for the commercialization of call-report data in XBRLreport data in XBRL
Benefit to Data Aggregators as Open Meta Standards are adopted by regulatory agencies.
Fundamental
Data DB
Web Service Internet
MicrosoftExcel
Worksheets
Plu
g-i
n ExistingModels
CustomMacros
Third Party &Proprietary
Applications
Newsand
Research
Filing Feed
Other Market
Data
RegulatoryFilings
• Enrich dataset for enhanced products.
• Speed: Time to market.
• Data Quality: Enhanced accuracy of multiple data types.
EDGAR Online’s XBRL Strategy
EDGAR Online XBRL DatasetsEDGAR Online XBRL Datasets
EDGAR Online’s datasets allow users to realize the benefits of XBRL today.
Benefits Description
Automation The automated EDGAR Online data extraction process greatly reduces the time it takes to get detailed financials to the market
Standards US GAAP based XBRL datasets provide several hundred standard data elements which can be used in analysis and comparisons.
Extensions Inclusion of company extensions in XBRL datasets provide a comprehensive view into the companies financials
Scope By the first quarter of 2005 EDGAR Online will provide XBRL datasets for all US equities
History Over five years (22 quarters) of data will be available for historical analysis
Dataset DeliveryDataset Delivery
New products from EDGAR Online will facilitate the delivery of XBRL formatted content to the users fingertips.
Product Description
Web Service For requesting and retrieving datasets and data.
Excel Add-in For the analysis of data in a tool and format familiar to users.
Enhanced Analytics
For value added analysis for Microsoft Excel and EDGAR Online Pro.
Enhanced AnalyticsEnhanced Analytics
The availability of XBRL datasets and an Excel Add-in from EDGAR Online will facilitate enhanced data analysis
FundamentalData DB
EOL Web Service Internet
MicrosoftExcel
Worksheets
EO
LP
lug
-in Existing
Models
CustomMacros
Third Party &Proprietary
Applications
Users can import XBRL data directly into existing Microsoft Excel Macros and Models Third party analysis and benchmarking applications can leverage XBRL data through the web
service Pre-packaged EDGAR Online templates will provide out of the box benchmarking and analysis tools
for Add-in users
Today’s Agenda
1
5
2
3
4
Highlights from the studyHighlights from the study
Demo Demo
Benefits of Market Data AggregatorBenefits of Market Data Aggregator
About EDGAR OnlineAbout EDGAR Online
Potential for the commercialization of call-Potential for the commercialization of call-report data in XBRLreport data in XBRL
Questions?Questions?
Liv A. Watson
Vice President of XBRL – EDGAR Online, Inc
(p) +1.203.856.8986