Compliance by design is a whole lot easier than playing catch-up
RegTech as a sector is designed to automate and streamline compliance and deliver on the goals of the community. So, what is its role in the Consumer Data Right (CDR) to be introduced July, 2020? How can RegTech help Australians get more value from the data held about them, in a way that keeps their data and identities safe?
The CDR will give consumers greater access to and control over their data. It will improve consumers’ ability to compare and switch between products and services, and will encourage competition between service providers, leading not only to better prices for customers but also more innovative products and services.
Join our esteemed panel as they talk through the below, focussing on the impacts on competition and consumer experience:
- The CDR policy goals
- The practical dilemmas of consumers consenting to share data
- Use cases, consent and the new normal.
The Consumer Data Right needs RegTech to help all participants in the ecosystem. Whether you are a data holder, a data recipient, an intermediary or a regulator, you will want to exploring now how to automated your compliance with your obligations.
Thursday, 4 June from 12pm to 1pm AEST (UTC+10:00)
- Deborah Young, The RegTech Association
- Professor Deen Sanders AOM, Deloitte (moderator)
- Lisa Schutz, Verifier
- Andrew Stevens, Innovation and Science Australia
||Acknowledgement of Country and introduction
Deborah Young, CEO, RTA
Panel session: The Consumer Data Right (CDR) - Opportunities and Implications for RegTech
- Moderator: Professor Deen Sanders AOM, Partner Deloitte
- Lisa Schutz, Founder and CEO, Verifier
- Andrew Stevens, Chair, Data Standards Body, Consumer Data Right and Chair Innovation and Science Australia
||Thank you and event concludes
About Professor Deen Sanders AOM, Partner Deloitte
Deen is a Partner with Deloitte in the Governance, Risk and Conduct group.
Deen is recognised as a global thought leader and specialist in the field of professions, regulation, ethics, law, governance and education, working on every side of the business dynamic (commercial, government, professional association, consultant and regulator). His work has informed national government policy in these areas as well as personally leading large-scale change in key regulatory and economic sectors.
His academic background includes undergraduate and postgraduate Law, Psychology and Business as well as professional education and people development, culminating in the completion of a Doctorate in the field of Professions, Regulation and Consumer trust.
He was awarded an Order of Australia Medal in 2017 for his leading academic and regulatory work in the field of professional standards.
About Lisa Schutz
Lisa is Founder and CEO of Verifier, a RegTech consumer driven data sharing platform that puts people in control of their data to get better service and better outcomes in financial services.
Lisa is a published author on the subject of data, is a founding board director for the RegTech Association, sits on several committees, including Federal Government Advisory Committees for FinTech, CDR committees for banking and energy, and APRA’s SIRG.
About Andrew Stevens
Andrew is the Chair, Data Standards Body, Consumer Data Right and Chair of the Innovation and Science Australia. His executive career at Price Waterhouse, PricewaterhouseCoopers and IBM, has provided years of experience in business and ICT programme design and risk evaluation, governance and delivery, and in business transformation and regional/ global expansion.
He has a strong interest in the role that ICT can play in:
- Delivering revenue growth and margin expansion for businesses across the globalised economy,
- Capturing the opportunities and mitigating the threats presented for Australian businesses by the digital economy,
- Ensuring Australia becomes and sustains a competitive position in the changing global environment, and
- Realising the potential for increasing workforce participation and productivity across Australia.
About Deborah Young
Deborah Young is the founding CEO of The RegTech Association. Deborah has more than 20 years experience in financial services advocacy and engagement across technology, venture capital, private equity, financial markets, insurance and superannuation. She is passionate about building a community that accelerates deployment of technology that drives productivity and superior consumer outcomes. Deborah is a member of the Federal Government’s FinTech Advisory Committee and in 2019 was awarded an AFR 100 Women of Influence Award for Innovation.