RegTech Round-up

In this episode, CRTA Board member Rob Baldassare speaks with Charles, Gregory, Head of Surveillance and Financial Crime at member firm Data Intellect. In this conversation they discuss the intersection between technical advancement and regulatory oversight and how to balance innovation with ethical standards.

Over the last decade Canadian Banks have spent millions introducing new technology and strengthening compliance practices, yet obstacles remain. Criminals continue to find ways into the Canadian financial system. Estimates of so-called ‘snow washing’ suggest that $45billion to $113billion of dirty money is laundered in Canada each year.8 Recent FINTRA fines and undisclosed fines amongst tier one banks shows gaps in risk controls. In this session we’ll discuss: ·      The role of the risk assessment and ideal framework when risks are continually evolving. ·      Ongoing monitoring techniques – and how to augment humans with technology ·      How to integrate the AML risk assessment to the wider enterprise framework so management is not blind sided.

Host Loren Schwartz speaks with Mark Sutera, VP of Enterprise Sales at Seclore about data protection. Listen as they explore the field of data security, trends in data threats, what firms can and should be doing about it and innovation in this space

In this podcast, host Matthew Ayearst speaks with Katerina Kindyni, Financial Services Sustainability Practice Lead, at EY Canada. Listen as they discuss their views on the impact of recent OSFI B-15 guideline and what financial institutions need to do to get ahead. - which includes EY's newly launched stress testing solution!

In our latest episode of RegTech Roundup - Financial Crimes edition, we delve into the challenges surrounding the collection of beneficial ownership data through centrally administered registries. Joining our host, Charlene Sebastian, in the discussion are Jennifer Arnold, Co-Founder & CEO of Minerva, and Matthew Van Buskirk, Co-Founder & CEO Regulatory, Hummingbird RegTech. While centrally administered registries have the potential to enhance the overall data ecosystem, progress in this area has been slow. Data accuracy, currency, verifiability, privacy concerns, and the high cost of maintaining a central registry have hampered implementation progress. Financial institutions (FIs) are now questioning the value of these registries if they cannot reliably address their Know Your Customer (KYC), Customer Due Diligence (CDD), and risk assessment requirements. Consequently, FIs are realizing the need to strengthen and streamline their beneficial ownership programs independently, without relying solely on registries as a solution.  This discussion explores how FIs can harness AI-curated open-source data and workflow integrations to optimize their beneficial ownership data collection processes. By doing so, they can enhance compliance and generate additional revenue through improved data management and utilization. Please tune in to discover strategies for navigating this evolving landscape effectively with insights from our expert panelists, Jennifer Arnold and Matthew Van Buskirk.

Trade surveillance is a critical component of today's financial world, where regulations are ever-evolving. It's not just about keeping an eye on trades; it's about ensuring compliance, detecting anomalies, and mitigating risks effectively. Our guest, Martina Rejsjo, Head of Product Strategy at Eventus, shares insights into the complex challenges faced in the world of trade surveillance. With the financial industry operating in multi-asset class environments, including equities, options, futures, FX, fixed income, and digital assets, the need for comprehensive solutions is paramount. In a rapidly evolving financial landscape, staying ahead of regulatory changes and market dynamics is a formidable challenge. Join us in this podcast as we delve into the complexities of trade surveillance, the advancements in solutions and the transformative power of AI in improving outcomes for financial institutions worldwide. Host: Charlene Sebastian, Vice President of the CRTA Board and Vice President of Strategic Partnerships at Minerva

In the latest episode of our ESG Series, host Donna Bales speaks with Ajay Jindal, Executive Vice President at Decimal Point Analytics about his recent paper - Canada ESG Review 2023. This paper benchmark's Canada's progress against its global peers - showing a significant divergence between progress in asset management and the real economy.

In this episode we discuss the potential of reducing regulatory burden through the implementation of Machine-Readable Regulation. Machine Readable regulation is not a new concept but there has been renewed interest by the industry due to its potential to enhance compliance and risk management and reduce regulatory burden.  In 2016 the Financial Conduct Authority in the UK hosted a Tech Sprint that looked at the whole process of regulatory reporting starting with converting the Handbook into machine-readable text and using this to enable automated advice or personalized filtering. In October 2022  FINRA in the US announced they are using the technology to make their rulebook easier to navigate by building a taxonomy and search tool called FIRST - to help all users (whether human or machine)  easily identify and search applicable rules… And as you will learn in this podcast – regulators from India are also exploring the use of machine readable regulation. Joining me on the podcast today is Shailesh Dhuri, CEO and Founder, of Decimal  Point. Analytics. Decimal Point Analytics provides consulting and market research services and leverages data and artificial intelligence and machine learning  to assist clients with financial research, analysis, modelling, and risk management. Shailesh  is a highly sought-after leader and Innovator in the space of real life applications of artificial intelligent technology that are used in massive data, quantitative, statistical analysis, and algorithms.  

In our latest podcast in the ESG Series, host Donna Bales speaks with Eugenie Casier GRC Director from Clausematch. In this episode they discuss the elements of a ESG strategy, the importance of a setting a purpose and using it as a foundation for your ESG Program. Clausematch is a global regulatory technology software as service provider. The platform empowers companies to collaborate, create, manage and review different types of compliance documents, in real time, with a complete audit trail and live insights, advanced metadata, AI-powered mapping and tagging, intelligent suggestions and workflows, leading to more robust governance.

In this episode of RegTech Round-up, host Donna Bales speaks to Gerry Murtagh, co-founder of RegTick. In this episode they discuss best practices and key focus areas to address some of the organizational challenges of developing a successful ESG Program. Gerry shares several techniques that RegTick uses to reduce complexity - such as VMOST to structure a ESG program, Empathy Mapping to understand your stakeholders and an ESG Health Check to test the health of your ESG program. Be sure to tune in to hear more! Regtick is a visually intuitive, cloud-based, Programme Management platform which simplifies the management of complex regulatory and strategic transformation programs - enabling firms to reduce compliance risk, project cost and uncertainty.