RDC: Demystifying artificial intelligence and machine learning
Artificial intelligence and machine learning are changing the regulatory landscape and fueling the rise of RegTech. However, there dependence on data is often overlooked according to a new white paper by RDC.
RegTech needs to be more transparent in the way we do things says CEO
RegTech is about bringing clarity to compliance but there is a lack of transparency between the sector and regulators, according to kompany founder & CEO Russell E. Perry.
How to navigate competing regulations: unintended consequences of GDPR
GDPR and MiFID II can create a tension between retention and protection requirements around communications with clients and customers.
Theta Lake: best practices for audio recording supervision
Audio recording is commonplace for financial institutions (FIs). This is because well established regulations concerning recording, handling, and retention have been in place for some time.
Selfie-based identification solutions are not compliant with KYC AML
Technological solutions to verify the identity of natural persons by taking pictures of IDs or passports and recording a few frames or user’s face do not comply with the legal regulations
RTS is slowing innovation but PSD2 represents a ‘golden opportunity’
PSD2 represents a ‘golden opportunity’ for providers to deliver value to customers, with RegTech set to play a ‘huge role’ in the future according...
A common language is needed for RegTech to flourish
RegTech is being held back by a linguistic disparity between regulated firms and technologists according to Gareth Malna, funds and financial regulation solicitor at Burges Salmon.
Is the financial services industry ready for RegTech?
Having a centralised system in place and focusing on the data are both key to unlocking RegTech according to Ted Datta, Director – Governance, Risk and Compliance Solutions at Bureau van Dijk.
RegTech can turn compliance into a competitive advantage
RegTech is not just for compliance, it can give financial institutions a competitive advantage in today's crowded market according to Husayn Kassai, CEO of Onfido.
Compliance leaders percieve the RegTech challenge as a ‘massive headache’
The wave of new regulations being deployed is being seen as “just layers of costs on top of the business” by some compliance leaders, according to Axioma managing director and head of risk solutions Ian Lumb.
