Just as how we use a common language to communicate with others, companies and regulators need a standardised way to speak the same language when exchanging financial and business information. Adopting a standardised language to exchange information is essential to ensure compatibility and comprehension between all participants.

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What are the main trends and developments in the field of information exchange? The EU has 'A Europe fit for the digital age' as one of its six top priorities. Digital technology is changing people's lives and the functioning of businesses. The EU's digital strategy aims to harness this transformation to benefit individuals and businesses while contributing to the goal of a climate-neutral Europe by 2050.

This strategy includes a comprehensive legislative package, including the Data Governance Act, the Data Act, the AI Act, and the Open Data Directive. All these laws have a significant impact on how we share data.

In addition, citizens and businesses increasingly demand higher privacy and data protection standards.

Structured information exchange is essential for every organisation. Whether it's government institutions collaborating in chains, regulators requesting information from companies and industries, or companies seeking to consolidate data from various departments and branches, the benefits are undeniable. Discover how our services can assist your organisation by contacting us today.