The Bank of England’s FinTech Accelerator announced a Proof of Concept with NTT Data and Reportix to explore new ways of storing, organising and combining the Bank’s regulatory and analytical data in a more flexible or ‘multi-dimensional’ way based on the XBRL standard. The Bank hopes this will allow it to make broader connections between data sets in the future, which will in turn help it analyse and visualise trends in new ways.
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NTT Data is a top 10 global IT services provider established in 1988 and headquartered in Tokyo, Japan. Intralink has been working with NTT DATA for two years in order to identify leading global startups that have a strong fit with the business of NTT DATA, and its customers in the banking and financial industries.