A-Team Group’s RegTech Summit New York is back in Midtown Manhattan for its eighth year, bringing together industry practitioners, innovators and regulators to share insights into the most pressing regulatory changes and trends shaping the future of capital markets.
Prepare yourself for a full day of dynamic discussions, insightful presentations, and networking where industry leaders from compliance and regulatory technology will tackle the hottest regulatory compliance challenges facing the industry. The agenda covers a wide range of major topics, from regulatory perspectives on AI adoption to evolving standards and the latest best practices in regulatory data management.Keynote: A Regulator’s Perspective on AI
Kicking off the summit Haimera Workie, Vice President and Head of Financial Innovation at FINRA, will sit for an interview with Minerva Tantoco of the New York State Department of Financial Services. Attendees will gain insights into how current regulatory frameworks and support structures are adapting to the rapid advancements in AI, and where additional clarifications might be required.
Attendees will gain a direct view into FINRA’s priorities, including guidelines for firms as they develop AI compliance strategies. This keynote offers a unique window into the regulatory stance on AI—a must-attend for anyone looking to align with the future of AI-driven compliance.
The Power of Generative AI in Compliance
Continuing the AI theme, this first panel explores the practical potential of Generative AI and Large Language Models (LLMs) within compliance workflows, document processing, and regulatory reporting.
As firms experiment with and implement these models, they’re navigating the complexities of data quality, model interpretability, and bias—all crucial for ensuring compliant and ethical AI use.
Expect to hear about strategies for overcoming these hurdles and best practices for integrating AI into compliance frameworks including ethical concerns and the mix of talent and skills needed to leverage AI responsibly.
Navigating Regulatory Change with the Right Tools
The AI thread continues in this next panel which shifts the focus from capabilities and strategies to practical applications in regulatory change management. In an increasingly complex regulatory landscape, firms are searching for adaptable frameworks that can handle constant updates and diverse requirements. Establishing robust control frameworks that can evolve with regulatory changes should be the target operational state where obligations are identified and decoded early, with timely adjustment to controls and workflows to meet compliance demands.
Expect a deep-dive into how deploying the right technologies can facilitate regulatory change, and stay ahead of rising regulatory expectations. For example, AI powered horizon scanning technologies promise to monitor emerging regulations and detect changes in real time with integration into downstream workflows. The discussion will offer valuable insights on implementing scalable solutions that align with a firm’s unique needs, ensuring both compliance and flexibility in a dynamic environment.
“Firms are navigating a complex regulatory landscape with increasing supervisory expectations, making it crucial to implement the right technological solutions for effective regulatory change management. Such solutions should be scalable and adaptable to the unique context in which each firm operates and incorporate AI in a strategic and transparent way.” — Susie MacKenzie, Head of Legal and Regulatory Analysis, Corlytics
Streamlined Data Management for Regulatory Reporting
From AI and adaptable frameworks for navigating regulatory change, this next panel examines lessons learned from recent regulatory enforcement actions, and how proactive data management can prevent costly penalties and set firms up for success in an increasingly data-centric regulatory environment.
Learn more about the importance of data standardization and harmonization, both critical in ensuring consistency and accuracy across borders. With regulators demanding transparency, firms must shift from reactive measures to proactive controls, investing in systems that detect and report data errors before they impact compliance.
Beyond compliance, the panel will examine how firms can leverage regulatory reporting data strategically, transforming it from a cost center to a valuable source of business intelligence. By understanding data lineage and improving data quality controls, firms can harness insights and make informed decisions that drive improved performance across the business.
“It is clearly critical for organizations to manage and maintain data integrity to comply with regulatory reporting. Standardization is key to supporting the higher data quality that authorities require, but standards also provide the data consistency, accuracy and alignment to underpin data management more widely.” — Emma Kalliomaki, Managing Director, Derivatives Service Bureau
Keynote: Data and Regulatory Priorities for Global Systemically Important Banks (G-SIBs)
Continuing the data theme, Tony Brownlee, President and Chief Revenue Officer at Kingland, will present a keynote focusing on the evolving data and regulatory priorities for Global Systemically Important Banks (G-SIBs) in 2024.
Attendees will hear about expectations for G-SIBs to implement rigorous quality assurance practices that effectively manage risks across their complex operational landscapes, best practices for establishing seamless data access and control across critical areas like Anti-Money Laundering (AML), Know Your Customer (KYC), credit, and operational risk.
Also, the keynote will cover the tangible benefits of investing in enhanced data controls and quality frameworks. With high-quality data at their core, G-SIBs are better positioned to not only meet regulatory expectations but also to leverage data insights for strategic advantage, enabling more resilient and proactive risk management in today’s dynamic financial environment.
Communication Surveillance
The first afternoon panel kicks off with a focus on communication surveillance and why, despite years of investment and over $2.5 billion in fines, many firms still struggle to implement effective communication surveillance solutions.
Discussing why these difficulties persist and identifying the common pitfalls that continue to hinder firms’ success, discussion will highlight blind spots that firms need to consider as regulatory expectations evolve. They’ll also weigh in on the ongoing debate around building vs buying vs ‘build&buy’ surveillance solutions and share insights on the latest technology developments that deserve more industry attention.
“In December of 2002 the SEC, NASD (now FINRA), and the New York Stock Exchange brought the first e-mail related enforcement actions for violations of rules relating to electronic communications. In the years that followed, technology has continued to evolve, and yet the fines continue to mount. Looking forward to discussing why these challenges continue for firms across the globe.” — Patrick Palomo, Principal Solutions Architect, Smarsh
“We have found that almost 2/3s of firms are using AI as part of their communications surveillance program, and an almost equal number have been frustrated and not receiving the desired results. The keys to reversing this, in some cases, are better data quality and completeness.” — Garth Landers, Director of Global Product Marketing, Theta Lake
Agile Reporting Platforms
The next panel on agile reporting platforms addresses the need for adaptable, forward-looking solutions in regulatory reporting. As firms transition from legacy systems, they face critical decisions on balancing short-term fixes with long-term strategies for compliance and flexibility. The panel will discuss the tactical questions that firms must address to establish a robust reporting infrastructure that can evolve with regulatory demands, providing insights into how to navigate these transitions thoughtfully and effectively.
Cloud and SaaS solutions emerge as key enablers of agility and flexibility in this discussion, with experts weighing the benefits of cloud versus on-premises setups, always mindful of security considerations. The conversation will extend to best practices for building solid partnerships with technology vendors, outlining what firms should seek in a provider to ensure smooth integration and avoid potential pitfalls.
Effective error remediation and proactive management of reporting controls are also essential. The panel will outline the importance of a strong governance model and a resilient control framework to keep reporting processes accurate and efficient. As firms move towards a more integrated approach, they will explore the future of reporting platforms, imagining ecosystems built on common APIs and modular, plug-and-play architectures that can accommodate rapid regulatory updates and operational changes.
“In order to be able to deliver regulatory updates in a short interval of time, you need special weapons: the right people, the right mindset and the right tools. And by the right tools, I mean a RegTech solution populated with a Banking Intelligence repository elastic enough to accommodate the frequently changing regulation in banking on one hand and to keep up with technology innovation on the other.” — Elena Unciuleanu, Founder & CEO, Reporting Center
Keynote: The Future of Post-Trade – Next Steps After T+1
In this next Keynote, Mary Ann Callahan, Senior Policy Advisor at the U.S. Securities and Exchange Commission (SEC), will address lessons learned from T+1. The keynote will examine advancements in automation and digitization that have emerged since the move to T+1.
The successful move to T+1 has laid the groundwork for further enhancements in post-trade efficiency. The feasibility of a T+0 settlement will be covered and attendees will come away with a better understanding of what this upgrade would entail on a global scale, and the operational changes needed to become operational.
This keynote is a must for anyone seeking a comprehensive understanding of the future of accelerated settlement and the next steps for industry-wide progress.
Managing Regulatory Expectations and Best Practices for Fighting Financial Crime
In another regulatory keynote, Katherine Ford, Associate Director of Strategic Operations at FinCEN, will cover the evolving regulatory landscape in anti-money laundering (AML) and combating the financing of terrorism (CFT). An overview of FinCEN’s expanding role in these areas, highlighting recent updates to AML/CFT regulations and the increased vigilance required from financial institutions will be presented.
This session will underscore the serious consequences of non-compliance, reflecting on recent enforcement actions that exemplify the heightened expectations from regulators.
the tactics that financial criminals are using to exploit new technologies and shifting market conditions, and what this means for institutions striving to stay ahead of threats.
Concluding with a outline strategies for building resilient AML/CFT programs, including the integration of advanced data analytics, machine learning, and innovative technologies that enhance detection and prevention of financial crime.
Attendees will gain insights into how FinCEN’s guidance can be practically applied to create robust defenses in today’s complex risk environment.
Panel: Addressing Financial Crime and AML with RegTech
Staying with the financial crime theme, the next panel tackles anti-money laundering (AML) compliance and explores how RegTech solutions are transforming the industry’s approach to AML. As regulatory requirements for AML grow increasingly complex, panelists will discuss the best strategies for staying compliant with the latest updates, such as the new Beneficial Ownership Rules. Attendees will gain insight into the tools and processes that leading firms are using to track and implement these changes efficiently.
The discussion will also delve into firms’ progress on creating a single, holistic view of each customer, which is crucial for effective risk management throughout the ‘customer lifecycle.’ Panelists will share perspectives on the journey towards perpetual KYC—what advancements have been made and the challenges that still lie ahead.
This session will showcase how RegTech is enhancing KYC and AML compliance through automation and how artificial intelligence can strengthen existing control frameworks and improve the accuracy of risk assessments. The conversation will conclude with insights into the transformative potential of generative AI and large language models, which are rapidly emerging as powerful tools in the fight against financial crime, offering new possibilities for predictive insights and streamlined compliance processes.
After the concluding session, delegates will have the chance to connect and network with their peers over drinks.
With a little over three weeks left, space is filling fast so get your registration in today here or register below.
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