2022年金融科技、监管科技和合规的作用

Challenges arising from technological opportunities By Susannah Hammond and Mike Cowan TABLE OF CONTENTS Executive summary...........................................................................................3Introduction........................................................................................................5 Benefits and uses of fintech and regtech.......................................................9Payments........................................................................................................9Big Data, AI and machine learning.............................................................10Cryptos..........................................................................................................12 Challenges........................................................................................................16 Corporate governance.................................................................................16Data governance..........................................................................................18Operational resilience..................................................................................19Third-party management and cyber security.............................................22Skills and budget constraints......................................................................24 Into the future..................................................................................................29 Regulatory developments...........................................................................29“Good” regulation.......................................................................................30Sandboxes....................................................................................................33Future of compliance function....................................................................33 EXECUTIVE SUMMARY Digital transformation has been a fundamental enabler for financial services firms. It is hardto underestimate the opportunities firms can derive from the implementation of technologicalsolutions but maximising their potential can present challenges. Regulatory Intelligence’s (RI) sixth The most significant challenges highlighted by respondents to this year’s survey concerned data, •Operational resilience— Digital solutions, which at times operate critical business functions,must be resilient to any disruption. Equally, risk and compliance applications must be able to •Third parties— Third parties are crucial to the development of many fintech applications.Outsourcing or third-party arrangements need to be part of firms’ risk management •Skill sets— Firms need to invest in more specialist technological skills, although determining Growth of the marketplace Overall, respondents were enthusiastic about the use of applications. This year’s survey painted apicture of a well-populated marketplace and some compelling business cases for fintech use in This year’s survey identified the top three uses for fintech as payments, information/data security andcustomer relationship management, and for Global Systemically Important Financial Institutions(G-SIFIs) as payments, product development and, equal third, information/data security and Regtech is a subset of fintech, and this year the survey questions were flexed to separate out someof the answers between regtech and wider fintech applications. Respondents reported that regtech At a firm level, regtech applications were mainly being used for compliance monitoring and anti-money laundering (AML)/sanctions checking. At a compliance function level, applications werebeing used for compliance monitoring, regulatory reporting, financial crime (including AML/counter- The impact of regulatory change also featured strongly, with around a third of firms reporting thatregtech will affect the implementation of regulatory change, the way it is captured and the way Regulatory environment Many jurisdictions have already introduced detailed regulations — notably for payment systems —with which firms must comply, whether they use fintech solutions or not. A dedicated regulatoryframework for fintech applications is evolving but is disparate and varies from jurisdiction This year’s survey asked respondents about what they saw as the main elements of an effectiveregulatory approach for both fintech and regtech. The hallmark of “good” regulation was seen tobe regular interaction between regulator and industry. Many issued a plea for greater international Data governance and cyber resilience were considered to be the main areas where additionalregulation and guidance was needed. This was mirrored by respondents’ feedback concerning thegreatest financial technology challenges they expect their firms to face in the next 12 months, which The establishment of a well-resourced compliance function that can successfully navigate the useof digital solutions will be one of the best