Taming OpRes: RegTech & GenAI

In this issue we focus on how RegTech and GenAI help meet pressing demands of operational resilience which will be unleashed 150 days from now to 22,000 financial entities in Europe.

Our analysis shows a very broad and deep impact from the Management Committee to Risk functions, Legal and Compliance, Procurement and most importantly, IT leadership teams and their suppliers.

We're committed to fostering collaboration across the supply chain to help financial services digitalize their approach to compliance by embedding RegTech deep into firms' control infrastructures.

Don't leave your defences vulnerable over the summer. JWG's AI-enabled DORA RegDelta solution is here to help your 'change the bank' teams move quickly. Trust us, you'll be glad you did!

Finally, we're thrilled to announce that we now hold 19 awards, acknowledging our relentless commitment to delivering innovative and effective compliance solutions to our global clientele. Thank you to our team, clients and partners being part of the journey.

DIGITAL OPERATIONAL RESILIENCE

Leaving castle walls in disrepair could have grave consequences for 22,000 financial entities in 150 days. We lay out the personal challenges and how we can help in our article ‘Taming the DORA dragon’ here.

🐉 By January 17, 2025, a 'great repapering' needs to be completed for The EU’s Digital Operational Resilience Act (#DORA). Your policies, contracts, procedures, control logs, regulatory reports, and supplier databases should be tied back to new, prescriptive obligations.

👩🏭 To tame DORA, SMEs will need an interdisciplinary approach to satisfy many stakeholders.

💪 JWG’s AI-enabled DORA RegDelta solution is ready to help your ‘change the bank’ teams move quickly to shore up your DORA defences. Trust us, you'll be glad you did. #regtech #nlp #genAI #LLM #riskcontrols #compliance

Please contact corrina.stokes@jwg-it.eu if you would like to discuss how we can help you decode your DORA obligations.

EVENT UPDATE

JWG presentation to IPUG 20 June

Need help decoding DORA’s Health check requirements? Join us at IPUG on 20 June in London.

JWG, the industry’s regulatory think-tank, has used its AI-natural language platform, RegDelta, to decode the obligations and solve the ‘multi-dimensional DORA puzzle’ to create rapid health checks that are tuned to your business. Learn how we can analyse your DORA deltas and deploy GenAI tooling along with expert legal services to close your gaps by the deadline of 17th January, 2025.

FinTECH West 28 June Webinar

The landscape of financial regulations is evolving rapidly, with new technologies paving the way for unprecedented opportunities. Join us on 28th June, 2024, at 13:00 GMT for a webinar titled, "How RegTech Helps FinTech Eat BankingTech."

Hear from PJ Di Giammarino, a pioneering RegTech founder, and James Samuels of TechGrowth. They will discuss the key regulatory challenges facing financial services, standards bodies, and suppliers, alongside the immense opportunities these challenges present for nimble FinTechs.

BCBS 239 roundtable: 25 Sept NYC  

The BCBS core principles for effective banking supervision were published last month and BCBS239 risk data aggregation guidance is expected this month.

With no phase-in, and aggressive regulatory inspections underway, the data standards bar has been raised for senior managers who must now assign explicit ownership for data definitions, ensure valid data validation processes, and maintain up-to-date data lineages.

On 25 September we are hosting a roundtable in NYC for Finance, Operations, Data, and Technology executives to tackle this challenge at an exclusive Chatham House rule roundtable. See here for details and contact Corrina.stokes@jwg-it.eu to apply for a seat.

JWG AWARD UPDATE

We are thrilled to announce that Global Business & Finance Magazine has honoured JWG with the following prestigious awards for 2024:

🚀 Most Trusted Financial Services Regulatory Intelligence Company, UK

🚀 Best Networking Platform of the Year, UK

🚀 Best AI-Powered Compliance RegTech, UK

These awards sit on a crowded trophy shelf with 19 awarded since 2022. They are a real testament to our teams' relentless commitment to delivering innovative and effective compliance solutions to our global clientele.

Our success is driven by our unwavering dedication to helping clients stay compliant with the evolving regulatory landscape. We extend our heartfelt gratitude to our clients and partners for their continuous support and trust. Let's work together to create more effective and efficient compliance solutions.

SEE RegDelta IN ACTION

RegTech is at the forefront of better, faster, cheaper, and safer solutions for 2024 change programmes. Engage with these innovations now to transform how your bank approaches compliance tomorrow.

JWG’s 2024 RegDelta showcases are ready for action!