Bank of Spain
Bank of Spain implements Interstage XWand
to support a master plan for XBRL adoption
The Bank of Spain is the country's national central bank. It is responsible for areas including promoting the proper working and stability of the financial system, supervising solvency and compliance, preparing and publishing statistics, and advising the government.
The Bank of Spain promotes interoperability in the financial system, in order to make information more accessible and transparent. They faced the challenge of designing and implementing XBRL as the standard format for financial information exchange.
Fujitsu deployed an XBRL solution through Interstage Xwand which has enabled automatic data validation, achieved better data quality and reduced manual efforts.