- Cloud and IT outsourcing - Status quo of the market: Concerns vs. benefits.
- Cooperation is built on trust – Unpacking the RegTech Factory concept: Realising Economies of Share by sharing infrastructure services and Regulatory Reporting as a Service and advantages of a regulatory reporting network.
- Maintaining trust – The European experience and broader APAC story: Case studies.
The far-reaching transformation of the financial industry in past years – both in regulation and in the market – has led to rising costs and falling revenues for many players, directly impacting business models. This tense economic situation has been amplified by the COVID19 pandemic, making the topic of business continuity management increasingly relevant.
With institutions in the financial sector facing significant challenges, standardisation, industrialisation, and automation are logical ways of maximising economies of scale across borders. We are seeing more and more financial institutions outsourcing processes that are not part of their core business, including regulatory reporting. However for some organisations, security and data privacy concerns remain.
Join our experts from BearingPoint and Microsoft as they discuss IT outsourcing and cloud computing in regulatory reporting. Gain insights from case studies and our panellists, as they share their experiences on how the benefits outweigh any concerns.
- Deborah Young, CEO, The RegTech Association
- Moritz Plenk, Head of RegTech Factory, BearingPoint RegTech
- James Farrell, Financial Services Industry Executive, Microsoft
- Bella Lai, RegTech APAC Sales Director | Head of RegTech Singapore, BearingPoint RegTech
Welcome and Acknowledgement of Country | Deborah Young
The RegTech Association is a non-profit industry body whose members are committed to accelerating adoption of RegTech and sustaining a global centre of RegTech excellence.
Unpacking the RegTech Factory Concept | Moritz Plenk
Panel Discussion | James Farrell (moderator) | Moritz Plenk | Bella Lai
||Thank you and event concludes
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.
About Moritz Plenk
Moritz Plenk is Senior Manager at BearingPoint RegTech and responsible for the new service offering “RegTech Factory”. Moritz Plenk has many years of experience in consulting services within the financial services industry, specialized in regulatory topics. He mainly focuses on outsourcing and coopetition models in regulatory reporting. He also deals with emerging technologies like DLT, AI and Big Data, and how they can be used in banking supervision and regulatory reporting.
About James Farrell
In the role of Financial Services Industry Executive for Microsoft Australia, James Farrell is responsible for leading the execution of Microsoft’s financial services strategy in Australia, including the prioritisation of banking, insurance and Superannuation solutions in line with Microsoft’s worldwide digital platform and partner ecosystem. The overarching objective is to align Microsoft technology with a Financial Services industry lens to support our customers in their digital transformation journeys.
James has spent over 20 years in various executive roles within financial services technology organisations, specialising in payments, financial crime and core banking across Australia and South East Asia. James started his career in technology with IBM in their UK Hursley Park Research and Development laboratory.
About Bella Lai
Bella has over 20 years of experience in the financial industry and is at the forefront of regulatory and compliance digital transformation. She started her career as a trader and subsequently moved into myriads of business focused areas with firms like Reuters, SWIFT network and Markit; aiming to bridge the gap between data, regulatory, compliance and the financial market ecosystems.