The first edition of the Financial Inclusion Global Initiative (FIGI) Symposium was held in Bangalore, India, from 29 November to 1 December 2017. The Symposium was being organized jointly by the Telecommunication Standardization Bureau (TSB) of the International Telecommunication Union (ITU), jointly with the Bill & Melinda Gates Foundation, the World Bank and the Committee on Payments and Market Infrastructure (CPMI) and the kind support of the Government of India.
Learn more about FIGI Symposium here
RegTech approach to DFS supervision Session
December 1, 2017.
Financial authorities want to better monitor and understand financial marketplaces that are increasingly complex and innovative. The future of financial supervision and policymaking lies in using technology and data to improve the quality and comprehensiveness of information to support targeted, risk-based decision-making. This session explored how a Regtech approach allows financial authorities to understand marketplaces and customer experiences and needs.
During the sessions, insights from the RegTech for Regulators Accelerator (R2A) initiative were shared with the participants. The new R2A vendor database was also demonstrated.
Marc Hollanders, Special Advisor on Financial Infrastructure, CPMI, BIS
Bella Santos, Director, Payments and Settlement Office, Bangko Sentral ng Pilipinas (BSP) [Biography]
Daniel Gersten Reiss, Acting Head, Banking Operations and Payment System Research Division, Central Bank of Brazil [Biography]
Christopher Calabia, Senior Program Officer, Bill & Melinda Gates Foundation
Ganesh Kumar, Executive Director, Information Technology, Department of Payment and Settlement Systems and Department of External Investments and Operations Reserve Bank of India
Simone di Castri, Director, BFA and RegTech for Regulators Accelerator (R2A)
1. Increase awareness of regtech for regulators
2. Excite attending stakeholders who would be supporting R2A (e.g., World Bank)
See R2A presentation at FIGI Symposium 2017 here