Canadian RegTech Association - RegTech Round Up

RegTech Round Up brings thought leaders and technology professionals within the Canadian RegTech community together to discuss current regulatory challenges and emerging technology trends and solutions.

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Techniques to Address ESG Transformation Challenges - Conversation with Gerry Murtagh, RegTick

5/6/2023

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

Effective Operational Resilience: More than just disaster recovery

5/6/2023

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

4/5/2023

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.

Demystifying ID Verification - Why IDV isn't just about fraud

3/22/2023

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
Digital Identify Council of Canada (DIACC)
DIACC directory of ID vendors

Managing ESG Risk Through Collaborative Efforts - Conversation with Johnny Mattimore

2/26/2023

In this episode of ESG Insights, host Donna Bales, speaks with Johnny Mattimore, Global Head of Risk and Sustainable Finance at First Derivatives. We look at ESG from a risk lens - examining regulatory drivers, the maturity of capital market participants in understanding ESG exposures and how we can avoid past mistakes by using open source and proxy data and collaborative efforts for baseline data. Johnny shares First Derivatives efforts in establishing a technology cohort to work on an open source sustainable finance taxonomy - to create open source data models of regulations and have them peer reviewed reducing duplication.

Can Crypto ever truly be regulated?

2/23/2023

The integration of digital assets into our global financial system continues to raise many questions. Has crypto hit the mainstream? If so, what regulations should apply? Should characteristics of the underlying technology play a role in how it’s regulated? And can crypto ever be truly regulated at all?

In this episode, Charlene Sebastian Head of Client Success at MinervaAI and Strategic Advisor with the CRTA, talks with Tim Ward, Head of Product at CUBE a global regulatory insights firm based in the United Kingdom about their latest report “Cryptopia: Regulation and Crypto on a Cliff Edge” to explore the answers to these questions and more.

Buy Vs. Build and the Role of the API

2/5/2023

In this episode, host Paul McRorie speaks with Blythe Barber Head of Business Development, Americas from Droit and Loren Schwartz, Senior Director of Regulatory Technology from CIBC. They discuss the merits of buying versus building in house and how API's have introduced opportunities to integrate but they do not come without challenges.

RegTech Without Borders - Finding Solutions to Tackle Common Regulatory Challenges

9/18/2022

In this episode our host, Matt Fowler, speaks with Michael Barton from Invest Northern Ireland and Paul Childerhose (CRTA Board Member and Membership Engagement lead) about the opportunities that exist for firms large and small to leverage the growing tech and data talent in and around Belfast. With a growing need to manage common regulatory challenges Invest Northern Ireland, and the CRTA, are able to help firms find the right services, solutions and talent. As the flow of regulation, and often innovation, moves across Europe towards North America hear how you can find the right support for your growth and success as distance and boarders create less and less friction to your success.

Founders Series - Abishek Gupta, Director of Sutra Management Consulting

8/7/2022

In this episode, host Myron Mallia-Dare speaks with Abishek Gupta from Sutra Management Consulting. Sutra Management Consulting is a analytics driven advisory focusing on assisting their clients deploy analytic and AI solutions. In this inspiring episode Abishek explains how they recognized the gap of knowledge at the operational level at organizations trying to deploy AI and how they seized this opportunity early in Asia. Now expanding into North America, Abishek shares their company journey and some of the key differences of working in Asia versus North America.

Founders Series - Tolga Kurt, Managing Director, H3M Analytics

8/3/2022

In this episode host Myron Mallia-Dare speaks with Tolga Kurt, Managing Partner of H3M Analytics. H3M is a AI-based AML software for KYC, AL and Sanctions. Now on his second start-up Tolga walks us through his motivation for starting H3M in 2018 - and his desire to use AI for the greater good and describes how the software uses active learning and ‘human-in-the loop’ to improve AML compliance to continually improve models and detection