EP.4
IS IN CONVERSATION WITH
SUMMARY
Regulatory focus intensified after the Great Financial Crisis, impacting the maturity profile of Financial Institutions – large and small. As deep tech permeates, Fintechs emerge, data standards evolve, and regulators revisit operational standards, the industry faces a renewed granular focus on financial risk.
Listen to the podcast to understand:
- Why are the shifts in Regulatory Realignment termed a Rude awakening? Integrating deep tech advances for Financial Institutions is not just about reshaping risk management but also redefining regulatory compliance and supervision – a reality that most are ill-prepared for.
- What are the top three priorities that C-Level Executives face daily? As Financial Institutions face multifaceted challenges in adapting to regulatory changes, the key to navigating this landscape is to create a fresh understanding of compliance and collaborate with regulators, peers, and RegTech providers.
- Are the Compliance challenges structural or competency or an intent issue? Uniting various aspects of Regulatory Operations and successfully Implementing RegTech relies on an organizational culture that encourages real-time integration and transparency.
“Since the term ‘RegTech’ was coined in 2011, we have come a long way. The sector is now a teenager, and not a toddler. While the appetite is high, much of RegTech’s success will depend on how many parallel conversations we have with our partners, peers, and providers.”
~ PJ Giammarino
“RegTech is not a magic pill. The implementation success increases as our sector understanding deepens. It is essential to weigh the critical fronts for the various risk types – financial, non-financial, ML, or ESG – such as digital investments and fit-for-purpose infrastructure. Only then can banks make informed choices of the emergent technologies like AI, APIs, Cloud, or LCNC platforms. We are traversing exciting times.”
~ Deepak Bhatter
