FINTECH & INNOVATION

Opportunities and threats in RegTech

What can help you identify and acquire opportunities in Regtech? 
Discover how RegTech enhances efficiency and effectiveness in financial compliance using advanced technologies like analytics and machine learning. Learn about the challenges, from cybersecurity risks to global regulatory complexities and explore the transformative potential of Regtech in shaping the future of financial services regulation.
According to a MarketsandMarkets report, the global market for regtech is expected to reach $55.28 billion by 2025.
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Online Course

Format

30 mins

Video duration

Foundation

Level

Badge

On Completion

Badge of completion

With this online course, you will:
  • Gain an understanding of the Intersection of Regulation, Technology, and Sustainability.
  • Acquire knowledge of Evolving Compliance and Reporting Practices.
  • Be equipped with Insights into the Regulation of TechFin and Financial Networks.
  • Comprehend Tech Risks in Financial Services.
  • Foster a proactive Approach to Regulation and Technological Change.
Skills

Analytics

Compliance

Cybersecurity

Sustainability

Adaptability

Course Lessons

Sustainability

Chapter 1 examines the evolution of finance and regulatory technology (Regtech) over the past decade, highlighting the transformative impact of the 2008 crisis, subsequent regulation, and technological advancements. The chapter outlines how these factors have converged to drive a focus on sustainability within financial compliance, with an emphasis on cybersecurity, data protection, and adherence to the UN Sustainable Development Goals (SDGs).

From KYC to KYD

Chapter 2 explores the transition from Know Your Customer (KYC) to Know Your Data (KYD) in the context of financial regulation, emphasising the need for improved risk management and IT compliance systems due to digitisation. It highlights the shift towards data protection, the importance of algorithmic compliance in capital regulation, the focus on financial networks over stability, the promotion of good behaviour within financial entities, a proactive rather than reactive regulatory approach, and the movement from traditional reporting to API compliance in response to technological advancements.

The Regulation of TechFin

​​Chapter 3 delves into the regulatory implications of 'TechFin,' where technology firms enter the financial services sector, leveraging their vast user bases and data-driven approaches. This shift challenges traditional financial institutions and requires a new focus on how data is regulated, how tech firms integrate financial services, and how regulations adapt to these changes, considering the growing trend of non-bank companies like retailers and manufacturers offering financial services to enhance customer experiences.

Tech Risk

​​Chapter 4 discusses how digitisation and datafication have introduced new technological risks (tech risks) into the financial sector, significantly impacting Regtech, which aims to address the compliance challenges posed by these risks.

Globalisation and Fragmentation

Chapter 5 examines the tension between the globalisation ideal in Regtech, which seeks uniformity in regulatory standards across borders, and the reality of regulatory fragmentation, where differing local regulations necessitate more complex and potentially costly compliance solutions. 

Meet your instructor - Douglas Arner

Investment Manager at Tokentus

Douglas Arner is a Kerry Holdings Professor in Law at the University of Hong Kong and an expert on financial regulation, particularly the intersection between law, finance and technology. He is Faculty Director of HKU’s LLM in Compliance and Regulation and LLM in Corporate and Financial Law, a member of the Hong Kong Financial Services Development Council and a Senior Visiting Fellow of Melbourne Law School, University of Melbourne.
Douglas served as the Head of the HKU Department of Law from 2011 to 2014 and as the Co-Director of the Duke University-HKU Asia-America Institute in Transnational Law from 2005 to 2016. From 2006 to 2011 he was the Director of HKU’s Asian Institute of International Financial Law, which he co-founded in 1999.
He has published fifteen books and more than 120 articles, chapters, and reports on international financial law and regulation, including most recently Reconceptualising Global Finance and its Regulation (Cambridge 2016) (with Ross Buckley & Emilios Avgouleas). His recent papers are available on SSRN, where he is among the top 250 authors in the world by total downloads. Douglas has served as a consultant with, among others, the World Bank, Asian Development Bank, Alliance for Financial Inclusion, APEC and European Bank for Reconstruction and Development, and has lectured, co-organised conferences and seminars and been involved with financial sector reform projects around the world. He has been a visiting professor or fellow at Duke, Harvard, the Hong Kong Institute for Monetary Research, IDC Herzliya, McGill, Melbourne, National University of Singapore, University of New South Wales, Shanghai University of Finance and Economics, and Zurich, among others.

Meet your instructor - Janos Barberis

Co-founder of Supercharger Ventures

Janos Barberis skilfully combines academic rigour with an unrivalled entrepreneurial spirit. He has an established track record in the FinTech Industry (named 32nd Most Powerful Dealmaker globally, Institutional Investors, 2018) and in academia (13th legal scholar in the world, SSRN, 2018).
He is driven to deliver actionable insights which have benefited the business transformation and innovation of Tier-1 financial institutions, across 400 B2B partnerships with cutting-edge technology start-ups. The 49 start-ups across Janos’ accelerator cohorts have raised over US$500 million and are regularly listed as leading FinTech companies, globally.
He has promoted sustainable innovation in financial markets by heavily investing in Human Capital Development. Held regular stakeholder interactions with senior government officials and development agencies to combine start-up ecosystem access with policy-minded advice.
Janos currently focuses on the financial stability implications of BigTech firms, given their “too-large-to-ignore scale” and promotes a sustainable finance agenda via start-up business models. He leads a team of 18 people across key FinTech hubs, including Hong Kong, Singapore & London.