RegTech Intelligence

3 September RegTech conference: Regulators and academia underscore the need for digital integrity in Finance

We are pleased to announce that PJ Di Giammarino, founder and CEO of JWG will be participating in the 5th European COST Conference on Artificial Intelligence in Finance and Industry on 03 September 2020. 

The aim of this conference is to bring together European academics, researchers, students, and industrial practitioners to discuss the application of Artificial Intelligence in Industry and Finance.  

This will be one of the largest RegTech audiences assembled this year with over 500 individuals from the public and private sector from over 40 countries. 100+ financial institutions will be represented along with 70 academics 

RegTech topics covered include 

  • Digital Regulatory Reporting, Angus Moir, Bank of England 
  • Impact of Blockchain on RegTech, Tim Weingärtner, HSLU 
  • Application of Analytics in Financial Risk, Jefferson Braswell, Tahoe Blue 

PJ will join Alan Mendelowitz, ACTUS Financial Research, Francis GrossSenior Advisor, European Central Bank, and Prof. Dr. Wolfgang Breymann, ZHAW in a discussion of the challenges and opportunities of deploying RegTech for a stable future. 

JWG will discuss its ground breaking research “Risk Control for a Digitized Financial Sector”  which identifies a large systemic technology risk blind spot from the financial sector’s deployment of new cloud infrastructure.   

Francis Gross and PJ have been thought leaders on technology and data, last speaking on stage together at JWG’s webinar: RegTech light on FS IT and data risk in July 2020.  

There, Francis speaking in a personal capacity noted “If in finance we use technology in a way that makes the whole system more measurable, the sector will be able to get analytical tools to work faster, and it will give the regulator a much better chance of catching risks before they become a problemAt the moment we have a big disequilibrium between the power our technology is unleashing and the controller, because we have neglected control while allowing ever more power to be added to the engine.   

PJ Di Giammarino said, “This is where Environmental, Social and corporate Governance (ESG) regulation enters this equation. The G — Governance —can provide the measures and metrics to determine how safe the infrastructure is and where we run catastrophic RegTech risks. The key will be to create the incentives for firms to invest in safer technology. The market already believes in this. We found 88% of firms feel RegTech should be a component of their ESG risk assessment. Now, the next step is defining what these RegTech standards are for Financial Services. This is our chance to get digital integrity right. 

The conference is hosted by the Institute of Applied Mathematics and Physics (IAMP) and the Institute of Data Analysis and Process Design (IDP) at the School of Engineering, and the Institute of Wealth & Asset Management (IWA) at the School of Management and Law of the Zurich University of Applied Sciences (ZHAW) in Winterthur, Switzerland 

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