Program Overview
This program provides junior level professionals in the BFSI sector with a comprehensive understanding of Regulatory Technology (RegTech) and its applications in compliance management. Participants will learn how RegTech tools automate complex compliance processes like KYC, AML, and risk reporting, reducing manual effort and ensuring adherence to global regulations. The course includes real-world case studies showcasing successful RegTech implementations, helping participants understand practical applications and potential challenges. Through interactive exercises, they will gain insights on how to integrate these technologies into their organizations, address real compliance issues, and improve operational efficiency.
Features
- A deep understanding of RegTech tools and their applications in compliance management.
- Insight into automating compliance processes and reducing operational risk.
- Practical case studies demonstrating how RegTech can be successfully implemented in BFSI organizations.
- Tools and frameworks to assess and implement RegTech solutions in your organization.
Target audiences
- Compliance and regulatory management
- Banking & Finance Professionals
Curriculum
- 4 Sections
- 25 Lessons
- 1 Day
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- Introduction to RegTech and Compliance Management8
- 1.1What is RegTech? Definition and key differences from traditional compliance methods.
- 1.2Key technologies driving RegTech: AI, Machine Learning, Blockchain, Big Data.
- 1.3Key regulatory frameworks and the need for RegTech in modern compliance management.
- 1.4Core elements of a RegTech ecosystem: Automation, Data Analytics, Reporting, and Risk Management.
- 1.5Challenges faced by BFSI institutions in meeting complex regulatory requirements.
- 1.6Impact of global regulations (e.g., GDPR, MiFID II, Basel III) on business operations.
- 1.7How RegTech helps financial institutions address compliance requirements with speed and accuracy.
- 1.8Simulation: Identify regulatory pain points in different BFSI sub-sectors (banking, insurance, etc.) and discuss the solutions provided by RegTech tools.
- Automating Functional Compliance Processes in BFSI7
- 2.1Overview of functional compliance processes in BFSI (KYC, AML, Risk Assessment, Reporting, etc.).
- 2.2How RegTech automates compliance tasks: Workflow automation, document management, transaction monitoring.
- 2.3The role of AI and machine learning in risk analysis, fraud detection, and regulatory reporting.
- 2.4Real-time regulatory reporting and its importance in staying ahead of audits and regulatory changes.
- 2.5The role of RegTech in enhancing decision-making with data-driven insights.
- 2.6Risks of non-compliance and the growing complexity of regulations, including penalties and reputational risks.
- 2.7Case Study: A Regulatory Breach – How automation tools could prevent or identify the issue and propose an actionable solution.
- Case Studies of Successful RegTech Implementations6
- 3.1Case Study 1: A leading bank using RegTech to streamline KYC/AML compliance and reduce manual errors.
- 3.2Case Study 2: An insurance firm leveraging AI to assess compliance risks in claims processing.
- 3.3Case Study 3: A financial services provider automating transaction monitoring to detect fraudulent activities in real-time.
- 3.4Key success factors in implementing RegTech: Technology selection, change management, integration with legacy systems, and staff training.
- 3.5Understanding the ROI of RegTech: Reducing compliance costs, improving efficiency, and mitigating risk.
- 3.6Group Discussion: Analyze one case study in-depth and identify the challenges, technology used, and outcomes achieved
- Wrap-Up4
- 4.1Recap key concepts: The significance of RegTech in transforming compliance operations.
- 4.2How the BFSI industry can stay ahead of evolving regulations with agile, automated compliance solutions.
- 4.3The future of RegTech: Upcoming trends and regulations that will drive the need for compliance technology.
- 4.4Open session to discuss organization’s challenges
Instructor
