
The FCA describes RegTech as the “a sub-set of FinTech that focuses on technologies that may facilitate the delivery of regulatory requirements more efficiently and effectively than existing capabilities.”
Using the latest technologies, RegTech firms deliver automated processes that aim to improve reporting capabilities, increase compliance and drive down costs. This market is growing rapidly and in the first quarter of 2017 alone, the sector saw venture capital inflows of more than $230million. The global demand for RegTech is expected to top $118bn by 2020. That’s unsurprising given the spiralling costs of compliance to companies.
This market briefing will include a case study to explore how RegTech can help firms identify recent enforcement cases in insurance with a view to seeing if RegTech could have prevented or reduced the misconduct. The event will also investigate how RegTech can help firms mitigate and price risk, as well as consider both opportunities and risks for it’s adoption.
Our Speaker:
Jane Walshe is co-founder and CEO of Enforcd, a RegTech start up that is on the Bank of England’s FinTech Accelerator. Jane is a Chartered Fellow of the CISI, and a financial services regulatory barrister who previously worked in the FCA’s Enforcement Division, in house at JP Morgan, and as a consultant at Simmons & Simmons. She is the Editor, with Norton Rose, of ‘Individual Conduct in Financial Services Firms’ – a practitioner guide published by Sweet & Maxwell.
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