Regtech And Compliance In Digital Banking: Streamlining Regulatory Processes

Introduction

RegTech and Compliance in Digital Banking training equips financial institutions to navigate the complex regulatory landscape through the strategic implementation of regulatory technology (RegTech) solutions. This course focuses on analyzing regulatory requirements, implementing RegTech tools for compliance automation, and understanding the impact of risk management on regulatory adherence. Participants will learn to develop compliance monitoring systems, utilize data analytics for regulatory reporting, and understand the intricacies of using AI and machine learning to manage regulatory risks. By mastering RegTech and compliance, professionals can enhance their ability to streamline compliance processes, reduce operational costs, and contribute to a more secure and transparent digital banking environment.

The increasing complexity of financial regulations and the growing need for efficient compliance solutions necessitate a comprehensive understanding of RegTech tools and regulatory risk management best practices. This course delves into the nuances of KYC/AML compliance, fraud detection, and regulatory reporting, empowering participants to develop and implement tailored strategies. By integrating technological expertise with regulatory acumen, this program enables organizations to lead initiatives that maximize compliance efficiency and drive long-term regulatory success.

Target Audience:

• Compliance officers
• Risk managers
• Legal professionals
• IT managers
• RegTech professionals
• Internal auditors
• Data analysts
• Consultants
• Individuals interested in RegTech
• Project managers

Course Objectives:

• Understand the principles and importance of RegTech and compliance in digital banking.
• Implement techniques for analyzing regulatory requirements and identifying relevant RegTech solutions.
• Understand the role of RegTech in automating compliance processes and reducing operational costs.
• Implement techniques for developing and implementing a RegTech strategy.
• Understand the principles of KYC/AML compliance and fraud detection using RegTech tools.
• Implement techniques for utilizing data analytics and AI for regulatory reporting and risk management.
• Understand the role of compliance monitoring systems and real-time alerts.
• Implement techniques for conducting RegTech implementation audits and compliance assessments.
• Understand the legal and ethical considerations related to RegTech and data privacy.
• Develop strategies for measuring and analyzing the effectiveness of RegTech and compliance initiatives.

DURATION

5 Days

COURSE CONTENT

Module 1: Foundations of RegTech in Digital Banking

• Principles and importance of RegTech and compliance in digital banking.
• Understanding the regulatory landscape and its impact on digital banking.
• Benefits of RegTech solutions for compliance.
• Historical context and evolution of RegTech.

Module 2: Regulatory Requirements and RegTech Solutions

• Techniques for analyzing regulatory requirements and identifying relevant RegTech solutions.
• Implementing regulatory mapping and gap analysis.
• Utilizing RegTech vendor evaluations and selection.
• Managing regulatory requirements.

Module 3: Compliance Automation and Cost Reduction

• Role of RegTech in automating compliance processes and reducing operational costs.
• Understanding automation technologies and workflows.
• Implementing robotic process automation (RPA) and workflow automation.
• Managing compliance automation.

Module 4: RegTech Strategy Development

• Techniques for developing and implementing a RegTech strategy.
• Implementing strategic planning and technology roadmap development.
• Utilizing RegTech frameworks and tools.
• Managing RegTech strategies.

Module 5: KYC/AML Compliance and Fraud Detection

• Principles of KYC/AML compliance and fraud detection using RegTech tools.
• Understanding automated identity verification and transaction monitoring.
• Implementing AI-driven fraud detection and prevention.
• Managing KYC/AML compliance.

Module 6: Data Analytics and AI for Regulatory Reporting

• Techniques for utilizing data analytics and AI for regulatory reporting and risk management.
• Implementing data aggregation and analysis.
• Utilizing machine learning for risk prediction and reporting.
• Managing data analytics.

Module 7: Compliance Monitoring and Real-Time Alerts

• Role of compliance monitoring systems and real-time alerts.
• Understanding automated monitoring and reporting.
• Implementing real-time dashboards and alerts.
• Managing compliance monitoring.

Module 8: Audits, Ethics, and Measurement

• Techniques for conducting RegTech implementation audits and compliance assessments.
• Implementing ethical considerations in RegTech and data privacy.
• Utilizing performance metrics and reporting.
• Managing RegTech measurement.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 5 working days before commencement of the training.