To bridge the gap that exists between regulators and innovators. 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.
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.
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)