IBF Future Skills Connect - Skyrocketing Costs for Regulatory Compliance in the Financial Industry with No End In Sight Can RegTech change course?
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IBF Future Skills Connect with Temenos SingaporeSkyrocketing Costs for Regulatory Compliance in the Financial Industry with No End In Sight
A Masterclass by Temenos MarketPlace Provider Ralf Huber, Co-Founder, Apiax
Events Details
Event Overview
Costs for regulatory compliance in the financial industry increased massively over the past decade with no end in sight. At the same time, complexity around regulatory compliance has exploded while clients ask for new digital channels for accessing financial services.
Until now, banks have attempted to cope with additional regulatory requirements by adding people to these processes, many times exacerbating the problem. While this was a solution for manual or paper-based processes, new digital service channels can obviously no longer depend on a manual process such as sending an email to legal and compliance expert waiting for an answer.
Fully digital, executable and auditable access to regulatory and compliance requirements is required to make complying with regulations easy, lean and always up-to-date. Can RegTech solutions help to change course?
Key takeaways
About Temenos
Temenos AG (SIX: TEMN), headquartered in Geneva, is a leading software provider for banking and finance industries. With 25 years of experience in the field, over 3,000 firms worldwide, including 41 of the top 50 banks, rely on Temenos to process daily transactions of more than 500 million banking customers.
In 2018, Temenos achieved a leadership position for its Completeness of Vision and Ability to Execute in Gartner's MQ for Global Retail Core Banking, a "leader" in digital banking platforms position in both the Forrester Wave on Global Digital Banking Platforms and Digital Engagement Platforms and topped the IBS Intelligence for Temenos Core Banking, Channels, Risk and Compliance and Payments.
Today, Temenos has a market capitalization of more than USD12bn.
About Temenos MarketPlace
A self-service digital store, the MarketPlace provides banks with access to the best fintech solutions from around the world. With our global ecosystem of influencers, accelerators, industry associations and the most progressive banks, the MarketPlace provides curation at scale. We then give the providers the tools they need to integrate their solutions with our platform. Ultimately, this means, speeding up banks’ fintech procurement process and thus, dramatically accelerating their innovation cycles.
About Apiax
Apiax offers the most advanced tools to master complex financial regulations digitally. Our goal is to make compliance lean and efficient again. Our journey through prestigious incubators and accelerators has allowed us to polish our offering extensively. Today, we are a team of 17 experienced professionals with offices in Zurich, London and Lisbon. We are also serving clients in Singapore and are therefore currently setting up a local office.
Apiax received the following awards:
Note:
Contact
Event Secretariat | events@ibf.org.sg | www.ibf.org.sg
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Skyrocketing Costs for Regulatory Compliance in the Financial Industry with No End In Sight
Can RegTech change course?
A Masterclass by Temenos MarketPlace Provider Ralf Huber, Co-Founder, ApiaxEvents Details
| Date: | 27 February 2019, Wednesday |
| Time: | 2pm - 6.00pm |
| Venue: | IBF Careers Connect #13-07/08 MAS Building Singapore 079117 |
| Fee (before GST) | $80 IBF-Member (2 complimentary tickets for IBF-Members) $160 Non-Member |
| CPD | 3 hours |
| Training Focus Area |
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Event Overview
Costs for regulatory compliance in the financial industry increased massively over the past decade with no end in sight. At the same time, complexity around regulatory compliance has exploded while clients ask for new digital channels for accessing financial services.
Until now, banks have attempted to cope with additional regulatory requirements by adding people to these processes, many times exacerbating the problem. While this was a solution for manual or paper-based processes, new digital service channels can obviously no longer depend on a manual process such as sending an email to legal and compliance expert waiting for an answer.
Fully digital, executable and auditable access to regulatory and compliance requirements is required to make complying with regulations easy, lean and always up-to-date. Can RegTech solutions help to change course?
Key takeaways
- Understanding of the current RegTech landscape and case studies
- Deep dive on machine-readable rules as the basis for establishing ‘compliant by design’ workflows
- Learn how RegTech solutions strengthen the control framework while at the same time making the life of client advisors much easier
- Understand how RegTech solutions change today's legal and compliance functions towards a more strategic role within an organization
- Digital regulation issued by regulators - dream or reality?
| 1:30pm | Registration and networking |
| 2:00pm | Welcome Address by IBF Opening Remarks by Martin Frick, Managing Director APAC, Temenos |
| 2:15pm | Skyrocketing costs for regulatory compliance in the financial industry with no end in sight. Can RegTech change course? A Masterclass by Temenos MarketPlace Provider Ralf Huber, Co-Founder, Apiax |
| 3:30pm | Tea Break & networking |
| 4:00pm | Workshop – Digitizing Legal & Compliance Processes By Temenos & Apiax |
| 5:30pm | Summary & Closing |
| 6:00pm | End of Session |
About Temenos
Temenos AG (SIX: TEMN), headquartered in Geneva, is a leading software provider for banking and finance industries. With 25 years of experience in the field, over 3,000 firms worldwide, including 41 of the top 50 banks, rely on Temenos to process daily transactions of more than 500 million banking customers.
In 2018, Temenos achieved a leadership position for its Completeness of Vision and Ability to Execute in Gartner's MQ for Global Retail Core Banking, a "leader" in digital banking platforms position in both the Forrester Wave on Global Digital Banking Platforms and Digital Engagement Platforms and topped the IBS Intelligence for Temenos Core Banking, Channels, Risk and Compliance and Payments.
Today, Temenos has a market capitalization of more than USD12bn.
About Temenos MarketPlace
A self-service digital store, the MarketPlace provides banks with access to the best fintech solutions from around the world. With our global ecosystem of influencers, accelerators, industry associations and the most progressive banks, the MarketPlace provides curation at scale. We then give the providers the tools they need to integrate their solutions with our platform. Ultimately, this means, speeding up banks’ fintech procurement process and thus, dramatically accelerating their innovation cycles.
About Apiax
Apiax offers the most advanced tools to master complex financial regulations digitally. Our goal is to make compliance lean and efficient again. Our journey through prestigious incubators and accelerators has allowed us to polish our offering extensively. Today, we are a team of 17 experienced professionals with offices in Zurich, London and Lisbon. We are also serving clients in Singapore and are therefore currently setting up a local office.
Apiax received the following awards:
- Finalist at the Singapore FinTech Festival 2017
- Gartner Cool Vendor for Identity Management 2018
- BBVA RegTech Awards Finalist 2018 (Chosen out of 850)
- Winner of the Fintech Awards Luxembourg 2018
- Winner of the Temenos Innovation Jam 2018
- Swiss Fintech Awards 2018 Finalist (Top 5)
- Winner of the Kickstart Accelerator 2018 (Fintech Vertical)
Note:
- Seats are given on a first-come-first-served basis and limited to two per organization. IBF reserves the right to reject application to attend the MasterClasses.
- Once confirmed, no cancellation of registration is allowed, substitute may be arranged at no additional cost. For replacements, please contact events@ibf.org.sg.
- Upon confirmation, no-shows will be liable for an administrative fee of $80.00.
- To be eligible for CPD hours and issuance of Certificate of Attendance (COA), participants shall be present for the entire programme and with records of SIGN-IN and SIGN-OUT. COA will be issued 5 days after the event.
- By registering for the event, you agree and consent to IBF Privacy Policy.
- The full Terms & Conditions can be found here.
Contact
Event Secretariat | events@ibf.org.sg | www.ibf.org.sg
Follow IBF for updates
IBF Future Skills Connect - Skyrocketing Costs for Regulatory Compliance in the Financial Industry with No End In Sight Can RegTech change course?
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