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 ā 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 organizationās challenges
The future of RegTech: Upcoming trends and regulations that will drive the need for compliance technology.
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