RegTech Round-up

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.

The financial industry has undergone a significant transformation in recent years, with the accelerated shift to digitized services having a profound impact on the banking landscape. Not only has it changed the way financial institutions operate, but it has also affected anti-money laundering risks and financial crime prevention measures across the enterprise.

As a result, there has been a marked shift in focus from traditional risk management practices to enhanced business resilience. This new approach emphasizes the importance of preparing for and quickly adapting to potential disruptions to critical financial infrastructure and services. Early adopters of this approach are expected to gain a competitive advantage as they streamline critical services and help to strengthen the wider financial market infrastructure.

Regulators in the European Union have expanded the scope of the Digital Operational Resilience Act (DORA) to include obligations designed to ensure that financial institutions' business lines remain operationally resilient against various categories of risk. Similarly, in Canada, the Office of the Superintendent of Financial Institutions (OSFI) has issued updated Third-Party Risk Management (TPRM) guidance and plans to hold a public information session on operational risk and resilience in the first quarter of 2023, with a view to publishing draft revised guidance for consultation in Spring 2023.

In this episode Charlene Sebastian, Head of Client Success at MinervaAI talks with Denis Nwanshi, Founder of NetraScale, and the future of secure digital banking research initiative, NetraBank, to 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.

Denis is an accomplished executive specializing in delivering mission-critical digital platforms, data-driven products and automated infrastructure for highly regulated institutions. He founded NetraScale in 2014, providing high-impact cloud-native architectures and enterprise integration services to clients in the banking, insurance,  retail/commerce and public sectors. With practical knowledge of fintech, regtech, payments modernization, cyber security, operational resilience, and a wide range of next-generation technologies and data management strategies, he has expanded his business to build AI-enabled niche platforms centered on innovation, security and sustainable business value. Denis is a strong advocate for mentoring, design thinking, and agile-lean principles. In his spare time, he enjoys organizing interactive tech talks, panel discussions and hackathons.

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.

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.

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.

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 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. 

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.

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. 

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.

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. 

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

In this episode our host Myron Milla-Dare speaks with Emmanuel (Manny) Cohen, CEO and Founder of Armadillo Group. Manny talks through his 25 year journey building his company - digging into his own pockets for funding - overcoming the skeptics and being a leader in bringing new tools and techniques into the KYC and due diligence process. 

Armadillo Hub, is a scalable, cloud–based, end-to-end automated RegTech platform, giving global regulated businesses the tools to conduct the appropriate background checks on corporate and private clients. The platform leverages cloud and robotic process automation to manage the large data needed to perform due diligence and they are progressing in the use of AI and blockchain capabilities 

In this episode host Paul McRorie speaks with Ally Karmali, Associate Partner and Practice Lead in IBM Sustainability, Risk and Compliance and Martijn Groot, VP Marketing and Strategy, Alveo Technology. With Martijn providing a European perspective and Ally a North American perspective, they discuss the evolving regulatory and standards landscape and common data challenges  such as the availability and usability of data. They provide their views on how banks are responding to mandatory and voluntary disclosure requirements and how to get ahead. Ally sets up a future podcast by discussing Canada's unique opportunity to take the lead and expand data reporting to consider how industries are generating business and its impact on the environment and the  indigenous community. 

In this episode, host Paul McRorie speaks with Parham Nasseri, VP Regulatory Strategy and Partnerships at InvestorCOM and Noel Sequiera, Manager, Membership Intake & Business Conduct Compliance at IIROC.  Noel and Parham discuss the changing landscape in wealth management. They discuss some of the new trends such as greater customization, new product impact, and the use of gamification tools, the role of the industry and the regulators in educating investors and how they see the wealth industry evolving. 

In this podcast Paul McRorie speaks with Torstein Braaten, Head of Regulatory Affairs & CCO,  Bitbuy and Joe Schifano, Global Head of Regulatory Affairs, Eventus Systems. Listen as they explore regulation and market structure nuances between traditional markets  and crypto or digital assets. They dig into the differences but also highlight the many similarities and discuss the techniques and tools used to effectively surveil this evolving market segment.  

In this episode Myron Mallia-Dare speaks with Jennifer Arnold, Co-founder of Minerva.ai. MinervaAI is a RegTech platform using deep learning and automation to execute enhanced due diligence and AML investigations in under 45 seconds.

Ted Hershey, Senior Vice President, Solution Services at DFIN Andrew Obee- President, Ficanex Technology Inc sit down with host Myron Mallia -Dare to discuss how they have re-invented their businesses in a Digital Age...

You'll hear how DFIN shifted from print to digital and how Ficanex moved from an ATM cash services business to a platform business (their Tunnel Platform) ripe for Open Banking. Great discussion on the what, why and how they transformed their businesses. 

In this episode Myron Mallia-Dare speaks with Noelle Ibrahim, Industry Consultant, Quantum Computing from IBM and Philip LaFrance, Standards Manager from ISARA and take a deep-dive into some of the themes covered in our introductory podcast "Quantum Computing 101"  Noelle and Philip delve into a number of user cases and share their views on Quantum Readiness within financial institutions and the Canadian Regulators 

Listen as Noelle shares relevant user cases for Financial Crimes and credit and Philip opines on the impact of Quantum on cryptography. 

In this episode Myron Mallia-Dare speaks with Alexon Bell, Chief Product Officer and Co-founder of Quantexa.  Quantexa is a Decision Intelligence Company that helps organizations drive better decisions and surface hidden risks by bringing contextual insights from data into visual form. Well- recognized within the Financial Crimes area for its transformational approach to KYC management,  Quantexa also provides solutions for customer intelligence and credit risk. In this insightful talk, Alexon shares their company journey and the challenges and triumphs along the way.

In this podcast Paul McRorie speaks with two industry experts: Brian Gelfand, Senior Advisor and Consultant at Ernst and Young and Eric Richmond, Chief Operating Officer and VP of Legal at Coinsquare. In this episode we talk about Crypto and the Age of Digital Disruption - you will hear of the convergence of the legacy and the novel. Listen along as we cover the basics and set the stage for this brave new world. 

In this episode Myron Mallia-Dare speaks with Mark Rowan, Founder and CEO of Data Sentinel. Data Sentinel is a data trust and compliance platform that helps businesses persistently manage their data privacy, compliance, governance and data quality in real-time. The focus of Data Sentinel is to help organizations automate the management of data assets that are deemed to be sensitive within organizations so that they can develop  trust in their data and in the processes that they're following, and ultimately trust in the outcomes they want to achieve. 

In this weeks episode Paul McRorie sits down with Parham Nasseri, Vice President of Regulatory Strategy & Partnerships at InvestorCOM Inc. and Justitia Pak, Business Process and Compliance Digitalization lead, at BMO Financial Group. 

Host Myron Mallia Dare sits down with DH Kim from Finhaven Finhaven is a Vancouver based financial service and technology company who has built a marketplace on distributed ledger technology that connects private issuers and accredited investors to new capital and investment opportunities 

In this episode Paul McRorie speaks with Elizabeth Bethoney, Vice President of Sayari Labs and Harsh Sharma, Senior Advisor, Open Knowledge Graph Labs, Enterprise Data Management Council on how knowledge graphs are being applied within financial services and across sectors to solve the data challenges that large complex organizations face. 

Myron Mallia Dare sits down with Anthony DeCristofaro, President and CEO of Qnext. 

In this podcast,  Donna Bales speaks with Oumar Diallo, Directeur, Fintech et Innovation, Autorité des marchés financiers and John Hinze, Director of Corporate Finance, British Columbia Securities Commission on how they have leveraged technology within their organizations to advance their innovation journey. 

In this podcast, Donna Bales speaks with John Lowrey, an industry leader and innovator in capital markets and electronic trading and execution on how he approached the development of an asset specific data practice. John will share his journey from concept to implementation and the lessons he learned along the way. 

Join Myron Mallia-Dare, strategic advisor to the CRTA and technology lawyer from Miller Thomson as he leads a discussion with Rafal Janik, Head of Product at Xanadu and Richard Moulds the General Manager of Amazon Braket, the quantum computing service of Amazon Web Services (AWS). 

In this podcast we explore a relatively new field of leadership in the artificial intelligence era - "Decision Intelligence." Our experts will explain this new discipline and delve into some of the tactical, strategic and operational user cases. 
Donna Bales, co-founder of the CRTA leads the discussion with Christopher Napoli, SVP of Global Sales at Diwo and Marc Buklis, a seasoned practitioner in risk management and technology.

RPA holds great promise as it acts as a medium for process improvement and improved ROI by introducing automation to routine and highly repetitive tasks. RPA’s simplicity is one of its greatest strengths – it can be used to orchestrate workflows, integrate with your business rules and decisions, manage your content, and capture data, however implementing RPA can often be challenging due to planning challenges and excitement to get started before fully understanding the business processes, the impact to the business and the critically important “Return On Investment” (ROI) for making this investment in the first place.

Join Myron Mallia-Dare, strategic advisor to the CRTA and technology lawyer from Miller Thomson as he leads a discussion with Benjamin Jacob, Partner Automation, IBM and Patrick Morrison, MBA, StereoLogic on:

Donna Bales,  co-founder of the CRTA speaks with Canchek co-founders Larry Boyce and  Laurie Clark on AML risk considerations for small and mid-sized firms

Listen to CRTA Board Member Paul Childerhose in conversation with Nick Bray, Senior Business Lead for Cube Global as they discuss regulatory change management and the need for automated intelligence.