Cracking the Compliance Code: Fintech Regulatory Essentials
Exploring the Current Landscape of Fintech Regulations: Government Intervention, Online Security, and Industry Response. Can you meet Global requirements and best practice.
As governmental bodies introduce new regulations and guidelines, coupled with an increasing emphasis on online security, the Fintech industry finds itself at a crucial juncture. Some of our Fintech committee experts, prominent leaders in the field, will shed light on key aspects for industry consideration. The discussion will cover various topics, including:
- Shifts in the Regulatory Framework
- SS2/21 Compliance: Expectations for Fintechs/FIS and Ramifications of Non-Compliance
- Regulatory Implications of Artificial Intelligence (AI)
- Consumer Duty implementation - Managing the process
- The Digital Operational Resilience Act (DORA) and its Impact on Regulation
- Building Resilience: Strategies for Maintaining Operational Order
- Identifying Threats, Embracing Opportunities, and Readying for Industry Changes
Join us for an insightful and informative exploration of imminent changes, offering valuable perspectives on the evolving landscape of Fintech regulations.
About the Speakers:
David is an authority on IT, outsourcing and technology-driven procurement,with a particular focus on clients in financial services and the technology sector. David regularly acts as lead advisor for customer and suppliers to deliver complex and strategic technology projects, collaborations and commercial contracts of all shapes and sizes. He is ranked as a leading individual in both Chambers & Partners and Legal 500, the independent guides to the legal profession.David is a published author and speaker who is regularly sought out for his industry insights. In 2018 David co-authored a ground-breaking research report on Open Banking, which is shaping the future of financial services.
Wayne manages NCC Group’s relationships with the global Financial Services regulators and has experience in software escrow, cyber security, and big data across the last three decades. As Regulatory Compliance Solutions Lead, Wayne co-writes NCC Group’s consultation paper responses relating to third party risk management, supply chain risk and operational resilience whilst ensuring all NCC Group products meet global regulatory requirements. Much of his time is spent advising systemic Financial Institutions and their critical suppliers on how to build ‘demonstratable successful stressed exit plans’. In his work with the Financial Services regulators, Wayne has directly contributed to recent regulations on operational resilience on a global scale, including in the UK, US, Europe, Canada, Switzerland, Australia, Singapore, and India.
Lee joined Monevo in 2021 with over 20 years’ experience in tech & fintech. Lee is responsible for overseeing product, data and technology for Monevo as well as working closely with the Monevo Territory Directors on overall strategy.
Before Monevo, Lee worked as Managing Director of Raisin UK, a European fintech business backed by Paypal and Ribbit Ventures among others that gives consumers across the UK and Europe a single marketplace to open and manage savings accounts. Prior to being Managing Director, Lee was Chief Technology Officer at Raisin.
Luke is an experienced commercial contracts, outsourcing, and technology transactions lawyer who acts for clients across the full Financial Services, Payments, and FinTech ecosystem (including established banks and challenger banks and technology and solutions providers). He has experience advising on both domestic and cross-border matters gained at leading City and international firms.
Luke has acted for clients on strategic commercial, collaboration, technology, and supply-chain projects. He also regularly advices on critical and material cloud and outsourcing projects which are subject to the financial services regulations on procurement.
As well as his technology and sourcing work, Luke has particular experience relating to payment services and systems arrangements and FinTech (including BNPL and embedded finance).
Luke leads Shoosmiths FinTech team nationally and currently sits on the advisory board of the PIMFA (the UK industry body for financial advice and wealth management) WealthTech initiative (focused on the development and use of new technologies in the wealth management and financial advice sectors) aswell as the Pro Manchester FinTech committee. He also regularly contributes to technology and financial services focussed initiatives and groups, including FinTech North and the Finance and Leasing Association. Luke is author of the current Thompson Reuters Practical Law guide to IT Co-location services and co-authored their guide on Merchant Acquiring services.