Fintech Masterclass for Regulators

INTRODUCTION

Today, Fintech has entered a phase of rapid development marked by the proliferation of start-ups and other new entrants. This new era of innovation presents fresh challenges for regulators and highlights why the evolution of Fintech necessitates a directly proportional development of RegTech. More importantly, regulators must leverage on the emerging technology to develop a robust new framework that promotes innovation and market confidence. As innovation continues to disrupt and revolutionize the provision of financial services across industries, more organizations will need to familiarize themselves with the necessary regulatory frameworks and infrastructure.

TRAINING OVERVIEW

This Fintech learning programme gives regulators who are in need of greater granularity and precision in dealing with data aggregation and analysis to also explore the applications of RegTech from a regulatory perspective, digitization of processes would empower regulators to cope more effectively with the increasing types and volumes of data reported by companies. RegTech can also help regulators understand innovative products and transactions, market monitoring and risk analysis in real time. Above all, Regtech makes regulatory and supervisory oversight easier, timely and cheaper. In the wake of increased compliance burdens, regulators will need to work with Fintech and RegTech players to understand how data are being collected and processed, take a coordinated approach to harmonizing compliance requirements across markets, develop standardized reporting formats and enhance data sharing among regulators and transform the way such data are used for regulatory and supervisory roles.

LEARNING OUTCOMES

This learning programme is intended for financial services regulatory oversight bodies who are seeking to develop skills and understanding of Fintech. Through this training, you will cover Fintech foundations and overview, Data Analytics, Regulatory Technology (RegTech), Fintech risk management and emerging disruptive technologies in Fintech innovation: implications to society, which will prepare you to become more confident and proficient in your ability to analyse and make decisions regarding how to react to these changes.

• Discover the drivers of Fintech such as artificial intelligence, Big data and how they can be leveraged to improve customer service, make data-driven decisions and explore risk and reward.
• Understand the unique nature of leadership in Data science
• Understand the tools and processes that uncover value from data
• Know how to build business strategies informed by data identity, the current trends in Big Data, Data Analytics and Data Science
• Learn cutting edge insights on how to manage financial innovations disruptors within a competitive landscape
• The dynamics of Fintech and how it is transforming the world of finance
• Understand the dynamics of RegTech and the driving forces behind it.
• Understand which risk and compliance functions are redefined by RegTech, why and how.
• Understand Regtech tools that are applicable to your regulatory and supervisory oversights

LEARNING METHODOLOGY

• Formal lectures, use cases, interactive group exercises, video analysis, and experience sharing.

TARGET AUDIENCE

Regulators – Central Bank of Nigeria: Other Financial Institutions Department (OFID)