Emerging technologies have created opportunities for innovations that make the complex regulatory landscape easier to navigate for financial services.
Former Secretary General of the Basel Committee on Banking Supervision, Bill Coen, joined host NAB Executive Digital & Data Governance, Brad Carr, from Washington D.C. as part of the fifth instalment of the NAB Digital Next podcast to discuss the evolving RegTech landscape.
Bill discussed the symbiosis between data science and human judgment in driving changes to strategy and risk profile, and using AI as a key enabler for operational efficiency, compliance, and fighting financial crime.
NAB’s Head of Innovation and RegTech Association Advisory Board Member, Deb Algeo, told Brad that RegTech is now a $127 billion global industry and emphasised the importance of high-quality data and analytics in meeting complex regulatory requirements.
Deb also discussed two new NAB-backed software platforms that leverage blockchain technology to enable powerful insights that support risk management and sustainability efforts.
NAB Digital Next is a podcast series that features digital experts from across the world, and explores the great opportunities, challenges and policy issues in modern digitised society.
