RegTech & SupTech projects and partnerships will be the focus this year for regulators, regulated industries, professional consultancy, and software community at Regtech Africa Conference 2024 in Lagos.
From enhancing compliance processes to fostering regulatory collaboration across borders, the conference will explore practical strategies to address the challenges and opportunities presented by data-driven innovation in Africa.
Our very own Michał Piechocki will join the lineup of speakers from across the globe to offer invaluable insights into data governance, regulatory compliance and technological innovation. Join him on-site or online at the roundtable on ‘Bridging the Data Trust gap: For SupTech in the Era of Digital Financial Services’ to explore practical strategies and supervisory technologies to navigate the complexities of the digital age while fostering trust, transparency, and accountability across supervised sectors.
As the world shifts to a digital economy, harmonized data governance frameworks are essential for unlocking data’s economic and societal benefits.
A recent report by the Information Technology & Innovation Foundation (ITIF) found that a one-point increase in a nation’s data restrictiveness could, over five years, reduce its gross trade output by 7%, decrease economy-wide productivity by 2.9%, and raise prices for goods and services in data-reliant industries by 1.5%.
Data has become crucial for achieving economic growth, increasing competition, and spurring innovation. For regulatory authorities around the globe, it has become clear that a lack of trust in data, untimely insights, and siloed, inaccessible data stored in different formats not only renders it useless but also hinders a jurisdiction’s economic growth, financial inclusion, and modernization potential.
Harnessing Partnerships for Africa’s Prosperity – Bridging the Data Trust Gap is the guiding theme that brings to the fore questions about specific examples of initiatives, projects and partnerships in public and private sectors where RegTech & SupTech solutions are engaged to help build stable financial markets and trusted investment environments, trusted with regard to consumer protection and stability domestically as well as for investors and international business growth.
An important component of development roadmaps and capacity building programs that aim achieve these objectives are data governance strategies and data systems that ensure greater data quality, automate and digitise the data flows and enable innovative data solutions to analyse the data coming from financial and non-financial statements. Such systems are increasingly built on international data standards for digitalisation such as XBRL, standardisation of financial data reporting (IFRS) and sustainability data reporting (ISSB).
Join us there in Lagos, Nigeria or online. Learn more about our projects and partnerships around the world that will inspire your roadmap, data governance and tech capabilities, whether you are a regulator, a company adopting standards or professional community member partnering in RegTech & SupTech projects.
CIPC South Africa teamed up with BR-AG to digitise their financial and sustainability reporting, allowing to increase South African international investment position. Learn how we achieved this: https://br-ag.eu/2023/08/09/south-africas-cipc-br-ag-journey-towards-digital-reporting/ (probable would be better with some button ‘Learn How’ instead of link or sth like that)
Better regulatory data quality and automated reporting for banks in Singapore. We partnered with PwC and AxiomSL to develop an open banking data dictionary
to make it happen: link/ button
Top Regulators  implement SupTech projects to digitise and automate regulatory reporting across the supervised sectors. Learn how the Central Bank, a member of the European System of Central Banks (ESCB), automates and optimizes supervisory data management with our RegTech & SupTech Platform: https://br-ag.eu/2023/08/02/data-and-technology-as-a-key-transformative-enabler-of-switching-digital-strategy-from-plan-to-action/
We partnered with PwC and AxiomSL to develop an open banking data dictionary to make it happen:
Learn how the Central Bank, a member of the European System of Central Banks (ESCB), automates and optimizes supervisory data management with our RegTech & SupTech Platform: