March 07, 2017
RegTech is playing a critical role in reducing cost and risk while improving conduct and competition writes Jason Boud in Fintextra. The article sought the views of CEOs and senior managers with industry and regulation experience. The consensus is that RegTech is enabling institutions to move beyond damage limitation through clearer regulation taxonomies and proactive business models.
“There is no doubt the technology has matured, but more important is the understanding and acceptance by our clients has increased in the last 2 years. We see compliance (surveillance & reporting) as a recent use case but we add value by being able to understand team performance and behavioral decision-making.” Boud quotes Taras Chaban, CEO of Sybenetix.
January 09, 2017
Technology combined with regulation is a force for good that can transform incumbents, promote competition and create more transparency, Sybenetix CEO Taras Chaban told the Aberdeen Asset Management 2016 conference.
For example, the large amounts of data required under MiFID II can be considered as an opportunity for business improvement. “That data, if put to the right use, can actually change the way businesses operate. It shouldn’t be looked at as a cost. It should be looked at as a return on investment. An investment in my understanding of how my business operates, how my fund managers and traders do their jobs.”
December 21, 2016
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