​
Home  >  Media Center >  Activities and Events >  RegTech Symposium
Logo

To highlight the importance of regulatory technology in managing governance, risk, and compliance, and to explore the latest global practices in the field of Regulatory Technology (RegTech).

icon October 17, 2022
icon 9AM - 3PM
icon CITC Headquarter

Live Broadcast

RegTech Symposium Agenda

Speakers

Keynote Talk #1: Technology & Compliance

pic

Dr. Yin Lü

Global Head of Product, Artificial Intelligence

Cube

Panel Discussion #1: The Global RegTech Move

pic

Malik Alyousef

Cofounder & COO

MOZN

pic

Dr. Yin Lü

Global Head of Product, Artificial Intelligence

Cube

pic

Robert J.Weeb

Executive advisor

TBM partners

pic

Giulia Pescatore

Senior Manager

Deloitte

Session Moderator

pic

Dr. Ahmed Alsuhaili

Group Head of Technology

The Red Sea Project

Keynote Talk #2: RegTech Opportunities in all Sectors

pic

Olga parra

RegTech Solutions Leader

IBM

Panel Discussion #2: RegTech for The Private Sector

pic

Olga parra

RegTech Solutions Leader

IBM

pic

David Bundi

Head of Compliance & RegTech

PwC

pic

Asif Alam

CEO, Board Member

Compliance.ai

pic

Gaurav Govil

Partner at Monitor Deloitte

Deloitte

Session Moderator

pic

Alaa Abdulaal

VP of Strategy and Governance

Digital Cooperation Organization

Speakers from the Communications and Information Technology Commission

pic

Dr. Waleed Alasmary

The director of the research and innovation center

CITC

pic

Dr. Eisa Alanazi

Research and Innovation consultant

CITC

Objectives of RegTech

For Companies

icon  
Ensure compliance with regulations
icon  
Improve risk management
icon  
Facilitate compliance with regulatory controls
icon  
Increase investors confidence

For Regulators

icon  
Increase transparency in the management of organizational activities
icon  
Leverage data to achieve requlatory compliance goals
icon  
Improve organizational effectiveness
icon  
Increase efficiency in decision-making

RegTech allows

icon

Companies

To manage compliance challenges more efficiently and effectively
icon

Requlators

To improve their supervisory capabilities and operational efficiency

The challenges that RegTech helps to solve

icon

The rapid change in the global regulatory landscape

icon

Significantly high costs of maintaining regulatory compliance, and of falling into non-compliance

icon

The increasing range of regulatory controls and their coverage of multiple disciplines

The emerging technologies can help in addressing these challenges, such as:

Examples of Emerging Technologies
  1. Cloud computing
  2. Block chains
  3. API
  4. Machine learning
  5. Big data
Regulation Challenges of tools that help to:
  1. Automatic identification and reporting of regulatory changes and requirements
  2. Compliance audits
  3. Governance and risk management
  4. Monitoring of regulatory activities

Importance of regulatory technology

The RegTech market is forecast to reach a value of $29.2 billion by 2027

This upward trajectory is supported by a number of factors:

icon

The need to keep pace with rapid changes in the global regulatory landscape

icon

High cost of regulatory compliance

icon

The emerging of advanced technologies that enable the improvement of regulatory and supervisory performance

Contact Us

For inquiries about the RegTech symposium, you can contact us at:


RegTech@citc.gov.sa