A new platform for analysing corporate disclosures is being developed to make it easier to detect when listed companies have bad disclosure practices.
The Australian Securities and Investments Commission (ASIC) has announced it is working with five regtech companies to create a new platform aimed at allowing it to better handle corporate disclosures from listed companies. The five companies selected to be part of the project are Bedrock AI Aus, DigitalX, Eastern Analytica, Listcorp, and Pyxta. The project is being funded by the Department of Industry under the Business Research and Innovation Initiative (BRII), with the selected companies each receiving up to AU$100,000 in grants. The BRII challenge is focused on developing technology solutions that help ASIC better analyse corporate disclosures, with the goal being to deliver a more efficient and effective way for the regulator to supervise and enforce disclosure and reporting obligations of listed companies.
