RegTech: Future Proofing Financial Regulation

 

 

by Janos Barberis | FinTech HK Founder & Senior Research Fellow HK University Law School | HK

Since 2007, financial fines have increased 45-fold, incurring additional compliance costs of multiple billions of dollars. For certain Banks, AML & KYC costs can be as high as US$500’000. RegTech appears to offer a virtuous solution for regulators, banks and start-ups alike. However as the industry develop itself it will witnessed two faces. First RegTech 1.0 will digitized previous regulatory and compliance process (e.g. E-KYC), Secondly, RegTech 2.0 will re-imagine regulation and its framework in a digital word.

Join Janos in the panel debate on RegTech and Challenges in Transaction Space with

  • Naphongthawat Phothikit | Division Exec |Payment Systems Policy Department | Bank of Thailand
  • Farida Peranginangin | Director | Payment Systems Policy of Bank of Indonesia
  • Gijs Boudewijn | Chair Payment Systems Committee | The European Banking Federation (EBF)

 

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