DFSA Hosts Virtual RegTech Live Event

The Dubai Financial Services Authority (DFSA) will be hosting a virtual event on the 10 and 11 November 2020. The event, ‘RegTech Live: Driving Compliance through Innovation’, will be held in partnership with the Dubai International Financial Centre Authority (DIFCA).

The event says to build on the topics discussed in June and reinforce the DFSA’s goal of fostering innovation in the Dubai International Financial Centre (DIFC) in line with Dubai’s National Innovation Strategy of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The two day event will include keynote and panel discussions from industry experts including representatives from DIFC and DFSA speaking about driving efficiency in risk management through automation; the impact of COVID-19 on regulatory compliance; digital transformation in the UAE; and mitigating risks in payments. There will also be demonstrations from regulatory technology providers who offer sanctions and transaction monitoring, as well as ‘e-KYC’ solutions and behavioral analytics.

“We were very pleased with the first RegTech Live event, which provided a platform to host important discussions on emerging regulatory technologies. We look forward to continuing the momentum with this second event,” commented Bryan Stirewalt, Chief Executive of the DFSA.

DFSA’s views on innovation in financial services and an update on the ‘Future of Finance’ from the DIFCA are also said to be conversed.

Arif Amiri, Chief Executive Officer of DIFC Authority noted, “DIFC is home of the region’s largest and most enabling FinTech and RegTech environment so we are pleased to collaborate with the DFSA on a second edition of their RegTech event series. The first was very successful and we will use this opportunity to continue exploring how the financial sector can leverage technology to drive innovation, deliver solutions and help build a more robust regulatory environment to shape the future of finance.”