Banking

REGULATORY TECHNOLOGY

A journey to transform your risk and compliance function

SINCE THE FINANCIAL CRISIS OF 2008 REGULATORS GLOBALLY HAVE IMPLEMENTED FAR-REACHING AND EXTENSIVE REGULATORY REFORMS AND COMPLIANCE REQUIREMENTS

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VINCENT KASBIHead of Asia

+852 6800 5988vincent.kasbi@sia-partners.com

HELINA LOProject Director

+852 5664 1057helina.lo@sia-partners.com

Basel III Financial Crime Biometric Data PRIIPS

Cybersecurity FATCA Volcker Rule EMIR

UMR CRS BCBS 239 IRRBB

Accredited Investors AML/CFT ANACREDIT IFRS

RRP FRTB Data Privacy MIFID 2

GOVERNANCE

DAILY OPERATION

RESOURCES & TALENT

TECHNOLOGY

FINANCIAL INSTITUTIONS FACE FOUR MAJOR CHALLENGES

IMPACT ON COST AND CUSTOMER EXPERIENCE

IS REGTECH THE SOLUTION?

$321 billion FINES PAID BY BANKS SINCE 2008

30x finesCOMPARING 2011 AND 2014

10 working daysMORE TO ONBOARD A CLIENT COMPARING 2015 AND 2017

RegTech applies the latest innovative technology to better perform regulatory processes for the benefit of Financial Institutions (“FIs”) / Regulatory Authorities.

Using such technology solutions improves the existing methodology of risk remediation and regulatory compliance, thus enhancing efficiency and reducing cost.

BLOCKCHAIN CYBERSECURITY

B

IG D

ATA

AN

ALYT

ICS

RISK MANAGEMENT

KYC/AML & Fraud

Regulatory Management

Data Management

Risk Management

V 1.0V 2.0

V 3.0

KNOW YOUR CUSTOMER “KYC”Pre-2008 RegTech 1.0 lasted until the 2008

Global Financial Crisis

PROCESS AUTOMATIONRegTech 2.0 uses

technology to automate compliance

processes

KNOW YOUR DATA “KYD”

RegTech 3.0 is a paradigm of digital identity and data

sovereignty

REGTECH DEVELOPMENT

From single level of regulation to

multiple levels of regulation

From heterogeneous to harmonised data

reporting standard

From KYC to KYD

From isolated data to connected data

8 KEY BENEFITS & 3 KEY DRIVERS

Regulations incorporated with technology trends

Scalable and agile system solutions

Enhanced regulatory reporting

Advanced big data analytics

Better customer experience

Multi-tier regulation control

Reduced compliance cost

Better risk managementFINANCIAL INSTITUTIONS

REGULATORS

NEW TECHNOLOGY

SIA PARTNERS REGTECH APPROACH

Initiation

UnderstandingAs-is

Implementation Roadmap

Transition & Closure

Target Design Definition

Execution

YOUR TAILOR-MADE REGTECH JOURNEY WILL BE PROGRESSED THROUGH A GUIDED AND STRUCTURAL FRAMEWORK.

ARE YOU READY TO START YOURS? CONTACT US FOR MORE INFORMATION