AI in the Financial Services: Promoting regulation in a digital era
Thursday 10 February 2022, 6.00pm to 7.00pm CET
A combination of technological innovation increased urgency to address climate and social issues, and consumer adoption of digital financial services is increasing the scope, complexity and cost of developing and complying with regulatory requirements. These challenges are increasing the demand for next-generation regulatory intelligence and risk management systems that can mitigate new risks emerging within financial services firms and the global financial system more broadly. However, a standardised data structure for regulation remains a critical missing piece needed to make regulation fit-for-purpose in the digital economy, particularly in developing and emerging economies.
Dr Robert Wardrop, Director & Co-founder of the Cambridge Centre for Alternative Finance (CCAF), discussed his work sequencing the world’s financial regulation to catalyse innovation across the financial services sector. His work is having a real impact on how both regulators and firms promote financial inclusion in the global digital economy.