A nice write up on the Regtech Summit panel around 'An Holistic Approach to Regulatory Change Management', including Corlytics Head of Legal & Regulatory Analysis, Susie MacKenzie. Key points discussed by the panel included: 📌Data-driven decision making and using advanced analytics and AI to process regulatory data, extract insights, and ensure compliance with changing regulations. 📌Technology integration It's key to integrate RegTech solutions into existing workflows and ensure they're scalable and flexible. 📌Cross-functional collaboration and having a unified approach including to regulatory management including: compliance, legal, IT, and operations 📌Regulators and the importance of having good communications with regulators to stay informed about upcoming changes. 📌Be proactive in managing risk through anticipating regulatory developments and get your compliance in line. Panel moderated by Mary Kopczynski Co-Founder, Women in RegTech New York (WIRTNY) & regulatory expert. Sateesh Kumar C., Head of Digital Transformation Office, Societe Generale Anand Narayanan, Head of Regulatory Change Management, Sumitomo Mitsui Banking Corporation – SMBC Group Jen-Larie Tumminello, Executive Director, Global Finance, Policy & Conduct Risk, Morgan Stanley RegTech Insight, from A-Team Group #regtech #ateam #compliance https://lnkd.in/eKrGam5Q
Corlytics’ Post
More from this author
-
Compliance accuracy takes centre stage as DORA approaches, South Korea adopts AI Basic Act, EU banks race to comply with instant payments & more
-
PSR calls for data sharing to fight APP fraud, FATF's Travel Rule to take effect, missing identifiers cause failures in DORA reporting & more
-
FCA outlines Consumer Duty focus areas for 2024/25, Klarna hit with £35m fine after breaking AML rules, Compliance Corylated goes live & more