In the latest episode of our ESG Series, host Donna Bales speaks with Ajay Jindal, Executive Vice President at Decimal Point Analytics about his recent paper - Canada ESG Review 2023. This paper benchmark's Canada's progress against its global peers - showing a significant divergence between progress in asset management and the real economy.
In this episode we discuss the potential of reducing regulatory burden through the implementation of Machine-Readable Regulation. Machine Readable regulation is not a new concept but there has been renewed interest by the industry due to its potential to enhance compliance and risk management and reduce regulatory burden. In 2016 the Financial Conduct Authority in the UK hosted a Tech Sprint that looked at the whole process of regulatory reporting starting with converting the Handbook into machine-readable text and using this to enable automated advice or personalized filtering. In October 2022 FINRA in the US announced they are using the technology to make their rulebook easier to navigate by building a taxonomy and search tool called FIRST - to help all users (whether human or machine) easily identify and search applicable rules… And as you will learn in this podcast – regulators from India are also exploring the use of machine readable regulation.
Joining me on the podcast today is Shailesh Dhuri, CEO and Founder, of Decimal Point. Analytics. Decimal Point Analytics provides consulting and market research services and leverages data and artificial intelligence and machine learning to assist clients with financial research, analysis, modelling, and risk management. Shailesh is a highly sought-after leader and Innovator in the space of real life applications of artificial intelligent technology that are used in massive data, quantitative, statistical analysis, and algorithms.
In our latest podcast in the ESG Series, host Donna Bales speaks with Eugenie Casier GRC Director from Clausematch. In this episode they discuss the elements of a ESG strategy, the importance of a setting a purpose and using it as a foundation for your ESG Program.
Clausematch is a global regulatory technology software as service provider. The platform empowers companies to collaborate, create, manage and review different types of compliance documents, in real time, with a complete audit trail and live insights, advanced metadata, AI-powered mapping and tagging, intelligent suggestions and workflows, leading to more robust governance.
In this episode of RegTech Round-up, host Donna Bales speaks to Gerry Murtagh, co-founder of RegTick. In this episode they discuss best practices and key focus areas to address some of the organizational challenges of developing a successful ESG Program. Gerry shares several techniques that RegTick uses to reduce complexity - such as VMOST to structure a ESG program, Empathy Mapping to understand your stakeholders and an ESG Health Check to test the health of your ESG program.
Be sure to tune in to hear more!
Regtick is a visually intuitive, cloud-based, Programme Management platform which simplifies the management of complex regulatory and strategic transformation programs - enabling firms to reduce compliance risk, project cost and uncertainty
As part of our Financial Crime Series, Charlene Sebastian, CRTA advisor speaks with Denis Nwanshi, Founder of NetraScale. In this episode they explore the intersection between operational resilience and financial crime prevention, with a particular emphasis on the role of next-generation technologies. These technologies can help protect critical financial infrastructure and services while enhancing capabilities for financial crime detection. The use of advanced technologies like artificial intelligence, machine learning, and blockchain can aid in detecting fraudulent activities and mitigating risks. Additionally, the integration of these technologies can help to enhance financial institutions' compliance with regulatory requirements and safeguard against potential threats to their reputation
Risk Assessment Techniques for Financial Crime Management - Conversation with Anthony Quinn - Arctic Intelligence
Money laundering and terrorism financing laws apply to millions of businesses, across 30+ industry sectors, and in over 200 Financial Action Task Force (FATF) member countries. And yet, there is no industry standard on how businesses should apply the risk-based approach (RBA) when developing Enterprise-wide money laundering and terrorism financing risk assessments.
Many organisations struggle to identify and assess their risks and vulnerabilities to financial crime and as a result may not design, implement and maintain controls that are appropriate and proportionate to these risks. More often than not enterprise-wide risk assessments (EWRAs) are conducted manually on spreadsheets, which are often not fit for purpose and take too long to complete, resulting in risks being presented to Boards that are more likely than not, out of date.
In this episode of RegTech Round-up, Charlene Sebastian, Head of Client Success at MinervaAI and strategic advisor to the Canadian RegTech Association (CRTA), talks with Anthony Quinn, Founder and CEO of Arctic Intelligence, a multi-award-winning RegTech firm specializing in software for enterprise-wide audit, compliance, and risk management related to financial crime, about how firms can dramatically simplify the EWRA by maximising their data and using technology to automate the process; to reduce residual risk exposure and be more strategic in the application of enterprise risk controls to improve operational processes, remove bias and drive revenue. Anthony also highlights key findings from the Arctic Intelligence 2022 AML Industry Benchmarking report.
This episode has been kindly sponsored by Yoti
March is Fraud Prevention month!
Digital Identification Verification (IDV) technologies play a critical role in preventing and detecting identity fraud. Through document verification and liveness checks, IDV solutions can be used to address a number of regulatory identification and know your customer requirements.
While embraced by many digital banks and cryptocurrency exchanges, as part of a frictionless customer on-boarding experience and to automate key anti-money laundering (AML) requirements; traditional banking, wealth management services and credit unions have been slower to implement IDV solutions, citing cost, accuracy and complexity challenges.
In this episode of RegTech Round-up, Charlene Sebastian, strategic advisor with the Canadian RegTech Association (CRTA) and Head of Client Success at MinervaAI, chats with Gene DiMira, a Canadian Anti-Money Laundering and Digital Identity pioneer, and Leigh Day, Business Development Manager for Yoti, a leading digital identity provider, about IDV: what it is (and what it’s not), and how you can seamlessly meet critical regulatory requirements. We also demystify some of the key challenges and perceived barriers to implementation and discuss how to prepare for a successful IDV launch.
Supplementary Information can be found