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24 Feb

Regulatory Supervison of Digital Payments and Financial Technology

Event Training

Background

This program aim is to challenge regulators, policy makers and practitioners on the importance of developing a regulatory framework on financial technology. Participants that attend the program will go through twelve fundamental modules that would equip them for future challenges as they address the increased role of financial technology. Participants will need to be prepared to be challenged in a stimulating and thought-provoking environment.

It is important to re-iterate that innovation in financial services will continue to move at a rapid pace. The significant increase in the number of fintech companies in recent years has highlighted a burgeoning market with significant economic potential, and a commercial need to create efficiencies and modernise the provision of financial products and services.

This program aim is to challenge regulators, policy makers and practitioners on the importance of developing a regulatory framework on financial technology. Participants that attend the program will go through twelve fundamental modules that would equip them for future challenges as they address the increased role of financial technology. Participants will need to be prepared to be challenged in a stimulating and thought-provoking environment.It is important to re-iterate that innovation in financial services will continue to move at a rapid pace. The significant increase in the number of fintech companies in recent years has highlighted a burgeoning market with significant economic potential, and a commercial need to create efficiencies and modernise the provision of financial products and services. Fintech presents a particularly acute problem from the perspective of systemic risk for three reasons.

First, fintech firms, because of their size and business model, are more vulnerable to adverse economic shocks than large financial institutions, and those shocks are more likely to spread to other firms in the industry.

Second, fintech firms are more difficult to monitor and constrain than typical financial institutions because regulators lack reliable information about the structure and operations of fintech markets.

Third, fintech markets suffer from collective action problems that inhibit cooperation among market actors.

All of these problems suggest that fintech presents a set of regulatory concerns. This programme will address some of these concerns.

The fee is $3000 per person, breakfast and lunch provided and includes all training materials and accommodation for five days. Airport pickup also provided.

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