Regulatory technology (regtech) is winning the race to combat regulatory compliance exposure and mitigate conduct risk – especially in digital business environments.
Why?
Increasingly, financial services firms are relying on regtech to provide peace of mind that compliance and risk are being managed accurately and cost-effectively. Early adopters have found ways to deploy regtech solutions that drive revenue growth and increase customer satisfaction, as well as ensuring compliance.
This webinar hosted by Tanya Andreasyan (Editor at Banking Technology) with the RegTech experts Dilip Krishna (Deloitte) and Patrick Barnert (Qumram) took place on Thursday, 10 November 2016.
Listen to the recording: https://www.youtube.com/watch?v=G-IsB_NZMmw
Planetary and Vedic Yagyas Bring Positive Impacts in Life
Is RegTech the front runner in the race for digital compliance?
1. Is RegTech the front
runner in the race for
digital compliance?
Webinar | Thursday 10th November 2016
2. Regulatory technology (commonly known as RegTech)
is winning the race to combat regulatory compliance
exposure and mitigate conduct risk – especially in
digital business environments.
Why?
Webinar | Thursday 10th November 2016
Ask The Experts
4. 4 Copyright by Qumram AG | 2016
RegTech Momentum
Source: The cost of compliance 2015, Thomson Reuters
Rising personal liabilityIncreased cost of complianceComplex regulatory change
71% of firms expected cost increase
of compliance professionals
Source: Top 5 Compliance Trends Around the Globe in 2016, Thomson Reuters
New hires at HSBC, JP Morgan,
and BNP Paribas have added:
+6,600 global compliance staff
50,000+ regulatory & compliance
updates in 2015
Regulatory updates DOUBLED
over the last 3 years
Source: The peak of regulatory change may be some way off, Thomson Reuters
5. 5 Copyright by Qumram AG | 2016
The Digital Age
Omni Channel. Multi Media. Multi Touch.
6. 6 Copyright by Qumram AG | 2016
Cost vs. Risk
RISK & COMPLIANCE OPERATIONS SALES & MARKETING
ENSURE
COMPLIANCE
PREVENT
FRAUD
IMPROVE
EXPERIENCE
PROTECT BUSINESS REDUCE COST INCREASE REVENUE
7. 7 Copyright by Qumram AG | 2016
Compliance and Innovation
The Customer (Behavior) is
at the Center of the Changes
in Regulatory Compliance
and Digital Transformation