april, 2019

02apr18:3021:30Making RegTech Sexy Again18:30 - 21:30 Platz der Einheit 2, 60327 Frankfurt

Event Details

As Deloitte Luxembourg recently claims, there are 200+ regulatory revisions to keep track of daily since 2017. And more than EUR 320 billion in fines have been issued since 2008. Yet what is considered ‘first generation’ and ‘good enough’ risk analytics and compliance reporting tools are still in place.

Breaking with the status quo is an opportunity to start fresh and rethink. RegTech and reporting might not be considered a sexy industry, but bears a unique and seemingly long overdue opportunity to introduce it to the 21st century.

Join us on this RegTech meetup to pick up some refreshing ideas and experiences in that space at one of the finest incubators in Germany: The TechQuartier in Frankfurt. Talks start from 18:30 till roundabout 19:30 with opportunity to network over drinks and small bites thereafter.

Schedule

18:30 – RegTech Challenges and Opportunities (Oli)

18:50 – What does it take to build a state of the art RegTech platform? (Genti)

19:10 – How to scale globally at virtually no cost? (Alex)

19:30 – networking/drinks/small bites

1 / RegTech Challenges and Opportunities

Is RegTech = “Regulatory” + “Technology” just another buzzword initialized by the consulting and vendor industry or is the banking software industry moving forward to modern service oriented architectures with more efficient IT processes?

During the last years different complex regulations – from LCR, BCBS239, MIFID II to AnaCredit – have been implemented and the latest Capital Requirements Directive und Capital Requirements Regulation (CRD V und CRR II) with new Market Risk (FRTB) and Counterparty Risk (SA-CCR) approaches are not the only upcoming challenges.

Enormous efforts for the financial industry – but are there any improvements by the end for clients and therefore for the financial industry itself? We would like to give a spotlight to the interplay between regulations and technology and the future of RegTech.

2 / What does it take to build a state of the art RegTech platform?

Whether it is rising regulatory requirements, cost pressure, a dated user experience or the sheer entry barrier to a professional solution; there might be manifold reasons to (re)evaluate options. One of them could be to build an own solution from scratch.

Genti and his team have taken on the challenge to build a state of the art RegTech solution in response to BCBS and with scalability as well as analytics in mind. Currently expanding it with a data science framework and making it fit for MiFID2 and other compliance topics, Genti will share his experience and story with you.

3 / How to scale globally at virtually no cost?

Building and packaging a solution is time and cost intensive, but scaling it beyond the own network and local perimeter comes at magnitudes higher than the initial invest into developing it. Cost for marketing, localized collateral, support, legal and, in particular, sales multiply with every market to enter, usually requiring a fat wallet.

But there are more cost effective ways. Whether a startup or mature business, taking cost out of the equation is high in demand. Join Alex and his experience with commercialized expert networks. Learn about the mechanics behind these and how to make these work for scaling your solution globally at virtually no cost.

Time

(Tuesday) 18:30 - 21:30

Location

TechQuartier

Platz der Einheit 2, 60327 Frankfurt