21 October 2020 — Dubai Financial Services Authority to host second RegTech Live event
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Dubai, UAE, 21 October 2020: The Dubai Financial Services Authority (DFSA) will be hosting a virtual event on the 10th and 11th of November. The event, “RegTech Live: Driving Compliance through Innovation”, will be held in partnership with the Dubai International Financial Centre Authority (DIFCA).
The event, the second of its kind for this year, builds on the topics discussed in June and reinforces the DFSA’s goal of fostering innovation in the Dubai International Financial Centre (DIFC), in line with Dubai’s National Innovation Strategy of His Highness 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 behavioural analytics.
You will also hear from the DFSA about their views on innovation in financial services, and an update on the “Future of Finance” from the DIFCA.
Bryan Stirewalt, Chief Executive of the DFSA, said: “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.”
Arif Amiri, Chief Executive Officer of DIFC Authority, said: “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.”
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For further information please contact:
Dubai Financial Services Authority
Level 13, The Gate, West Wing
Tel: +971 (0)4 362 1613
The Dubai Financial Services Authority (DFSA) is the independent regulator of financial services conducted in and from the Dubai International Financial Centre (DIFC), a purpose built financial free zone in Dubai. The DFSA's regulatory mandate covers asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, crowdfunding platforms, an international equities exchange and an international commodities derivatives exchange. In addition to regulating financial and ancillary services, the DFSA is responsible for administering Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) legislation that applies in the DIFC. Please refer to the DFSA's website for more information.
Bryan Stirewalt was appointed Chief Executive of the DFSA on 1 October, 2018, after nearly eight years as the DFSA's Managing Director of the Supervision Division. In his role as Chief Executive, Bryan steers the work of the DFSA, further developing its capability as a robust regulator delivering world-class financial services regulation in the DIFC. Bryan plays a vital part in executing the DFSA's regulatory mandate and developing its risk-based supervision framework. Bryan also plays an active role in supporting the work of international standard-setting bodies. He now serves as the Co-Chair of the Basel Consultative Group (BCG), which provides a forum for deepening the Basel Committee on Banking Supervision's engagement with non-member, global supervisors on banking supervisory issues. Through this role, Bryan also serves as an Observer at the Basel Committee on Banking Supervision.