RegTech Breakthroughs: OpRes & Reporting

This week, at JWG and First Derivative’s "Winning the OpRes Marathon" roundtable, ten leading financial institutions gathered to discuss the critical advancements reshaping operational resilience (OpRes) and strategies on how to maintain lineage to fast-moving obligations.

The event highlighted groundbreaking approaches to navigating the increasingly complex regulatory landscape with the EU’s the Digital Operational Resilience Act (DORA) and UK PS21/3 both coming into force in Q125.

Firms are facing the challenge of integrating new technologies and strategies to meet the demands and the urgency of deploying AI-driven RegTech to make compliance “ship-shape” is no longer optional.

In addition, JWG has just published another exciting breakthrough for the Open Regulatory Reporting (ORR) initiative, powered by open-source tools that streamline compliance processes, cut manual efforts, and reduce costs.

These innovations are helping early adopters stay ahead of regulatory deadlines and transform how they approach reporting. As new RegTech solutions redefine the art of the possible, financial institutions can have a quick win with RegTech – contact us about how we can help!

RESEARCH UPDATE

OpRes Marathon runners navigate 2025 Storms

This week, ten leading financial institutions gathered at JWG’s Winning the OpRes Marathon roundtable hosted by First Derivative in London.

The group underscored the urgency for financial entities to become "seaworthy" as they navigate an increasingly complex regulatory landscape. Swift and decisive action is needed across several key areas: vendor management, operational resilience, and technology adoption was the order of the day.

To learn more, see the JWG article below and talk to us today about how we can help you deploy JWG’s OpRes RegDelta’s AI to solve for DORA and PS21/3 while preparing for other OpRes races ahead including Cyber, AI, and Quantum.

For more information contact Corrina.Stokes@jwg-it.eu.

Navigating OpRes Storms in 2025

As 2025 approaches, financial institutions are grappling with the challenges posed by the Digital Operational Resilience Act (DORA) and other operational resilience (OpRes) regulations.

Key areas include enhancing vendor management to address third-party risks, building operational resilience to withstand disruptions, and leveraging AI to meet compliance demands. Firms that fail to adapt and invest in resilience risk falling behind amid increasingly complex regulations.

Collaboration across the industry is essential to share best practices and mitigate systemic risks.

Read the recap here

Upgrade your OpRes with RegDelta

RegTech is at the forefront of better, faster, cheaper, and safer OpRes solutions for 2025 change programmes.

JWG’s OpRes RegDelta enables evergreen linkage with your policies, procedures, and contracts, boosted by our LLM partners, which your teams can interrogate, saving time in spotting and closing your gaps.

Learn how in our new 2-minute video.

Want to arrange a demo? Please contact Corrina.stokes@jwg-it.eu.

OpRes Technology Muscle

Is your organization prepared to strengthen its technology muscle to resilience standards?

In the latest RegCast episode, experts dive into how DORA is reshaping financial institutions. It's no longer just about weathering occasional storms but about building robust, interconnected systems.

As described in the article (below) AI-powered RegTech is highlighted as essential for automating compliance, vendor monitoring, and mapping business risks, while partnerships, rather than individual efforts, are becoming the cornerstone of resilience.

Tune in to the latest episode and learn how to build the technology foundation needed to turn risk into opportunity: JWG here; Apple here; Spotify here

OpRes Technology Muscle

Organizations are being urged not only to get ready for storms, but to strengthen their overall infrastructure and how their fate is tied to the fleets they sail with.

Captains of industry must build a better ship rather than just preparing for storms by reorienting their crew toward a long-term, foundational approach to resilience, embedding it within every part of an organization’s DNA. This won’t be possible with spreadsheets and checkers ticking boxes – new AI-powered RegTech is the order of the day.

Article here

Next Gen Reg Reporting: An open path forward has emerged 

A major shift in regulatory reporting is here with the Open Regulatory Reporting (ORR) initiative, driven by FINOS and JWG.

ORR uses open-source tools to simplify compliance, enabling firms to streamline their processes, cut down on manual efforts, and reduce costs.

Early adopters are already implementing these innovative solutions to meet upcoming regulatory deadlines more efficiently.

Don’t miss out on how this breakthrough could transform your approach to regulatory reporting!

Contact pj@jwg-it.eu to get involved and read the recap and get the links here.

EVENTS UPDATE

Decoding DORA’s Digital Asset impact

Please register online here or contact corrina.stokes@jwg-it.eu

Places are going fast for our exclusive roundtable, "Decoding DORA’s Digital Asset Impact," with Memery Crystal in London on October 17, 2024

The EU digital asset agenda is not all about MiCA. To offer digital assets in Europe and the UK, firms and their suppliers will need to adhere to the EU Digital Operational Resilience Act (DORA) and corresponding UK regime in Q1 2025.

Why Attend?

• Stay Ahead: Understand the pivotal role of DORA in the EU and UK digital asset landscape beyond MiCA.
• Executive Focus: Gain insights into the 350+ compliance questions senior management must address regarding business strategies, vendor plans, and IT controls.
• Innovative Solutions: Discover how JWG's AI-natural language platform, RegDelta, transforms 20,000 paragraphs of DORA into actionable insights and rapid health checks tailored for your business.
• Interactive Format: Engage in a Chatham House discussion designed to explore key impacts, identify affected functions, and craft effective RegTech strategies for compliance by the January 17, 2025 deadline.

Please register online here or contact corrina.stokes@jwg-it.eu

For more information on the RegTech forum you can find the programme here.

DORA contract top-ups

JWG is pleased to be working in partnership with the European DORA for Market Data Special Interest Group to collect information from firms on how well their agreements with providers meet DORA’s new obligations.

PJ looks forward to speaking at the European IPUG / Cossiom event hosted by Banque de France and discussing conclusions from the data gathering exercise in Paris on Friday 22nd November

To receive a copy of the survey, please contact admin@ipug.org and let corrina.stokes@jwg-it.eu  know if you’d like to connect and discuss the exercise.