The speed of innovation and technology changes within Australia’s financial sector is expected to continue into the foreseeable future. While there is a rise of FinTechs (those using innovative technologies to deliver financial services) transforming our financial system, traditional financial services are innovating and developing new technologies too.
The rapid adoption of new technology creates new ways for money laundering, financial crime and terrorist financing. Traditional methods of identifying both new crime risks and regulatory changes are no longer sufficient, particularly because of expectations set by regulators and the public alike.
This session will explore regulatory technologies (RegTechs) that offer unique responses to these problems. With both agile and technological capability, RegTechs have the capacity to manage the financial crime vulnerabilities, provide insights and reduce regulatory burden, both for traditional financial services and FinTechs.
You Will Learn How To:
- Explore how RegTechs can provide unique insights into, and better management of, financial crime risks
- Consider how RegTechs present opportunities for automation and businesses to focus human efforts and the accompanying costs to where they can build value
- Examine how RegTechs may address the regulatory challenges posed by emerging technologies
Recommended Prerequisites: Experience in the financial industry and knowledge of regulatory challenges
Field of Study: Specialised Knowledge