11th Feb: Webinar & Panel Discussion: Driving Change in Compliance

28 January 2021

“The disruption caused by COVID-19 has demonstrated the value of technology in overcoming some of the challenges. Digital innovation may help address issues from the longer-term decline in the use of cash, increase the availability of mass market financial advice, and reduce the need for manual processes in businesses. We are committed to supporting innovation that works for all, including vulnerable customers and smaller firms. We know that our regulatory framework needs to keep pace – focussing on outcomes, and being forward looking.”

Nausicaa Delfas, executive director of international, and member of the executive committee at the UK Financial Conduct Authority, July 2020.

2020 has been a year of a digital transformation and acceleration to meet the challenges of the COVID-19 pandemic. By necessity and by design firms have implemented the roll-out of technology, often at speed, to enable business activities to continue as countries went into
lockdown. The applications that are covered by the term fintech are fast becoming part of financial services firms identity. In a marketplace that is still maturing, the question is whether corporate governance and the culture of financial services firms have kept up to pace with this new tech.

Regtech applications continued to provide popular, embedded solutions for firms in areas such as compliance monitoring, financial crime, AML/CTF, sanctions and regulatory reporting. Budgets were predicted to increase, with a mix of in-house and external solutions the most
frequent option selected by industry players.

Fintech presents extensive opportunities for firms in future. The presence of bigtech and the potential of artificial intelligence (AI) will enable firms to increase customer focussed initiatives such as financial inclusion. To be able to exploit these areas firms need to overcome a number of challenges: budgetary limitations, weaknesses in corporate skill sets, the limitations of existing IT infrastructure and the developing regulatory picture. They must also ensure
they have an appropriate corporate governance framework capable of managing the deployment of fintech systems.

As those are factors that will drive the Compliance Industry across all sectors of the economy, GACO is very proud to announce this very interesting webinar & panel discussion around the topic on driving change in compliance and including all the above mentioned factors.

For the event we are happy to announce the participation of the following international and local specialists:

Dr Alexander Zinser - Chief Legal Officer at WISeKey, Switzerland

Alexander Zinser is Chief Legal and Compliance Officer and Member of the Management Board of WISeKey International Holding Ltd . He has more than 15-years of legal and compliance affairs experience for the semiconductor, life sciences, FMCG and manufacturing industry, working for rapidly growing companies such as Agilent Technologies, Reynolds American and Guardian Industries. Mr. Zinser started his professional career at the law firm Graf von Westphalen in Frankfurt having studied law in Passau, Birmingham, Vienna, Strasbourg and Munich and he holds a Ph.D. and also an Executive MBA from the University of St. Gallen.

Nicky Gomez - Partner Xreg Consulting, Gibraltar

Nicky is a Partner at XReg Consulting, a group of former regulators with practical experience in formulating public policy and developing regulation for blockchain, Distributed Ledger Technology (DLT) and cryptoassets.

Nicky’s background in financial services regulation, risk-management and in the development and implementation of regulatory frameworks has shaped Nicky’s pragmatic and non-conforming approach to problem solving. At XReg, he is responsible for business development and for advising and assisting clients in strategy and policy development as well as providing guidance and education on risk-based and outcomes-oriented regulation.

Targ Patience - Founding Partner Dolya Consulting, Gibraltar

Targ Patience is one of the founding partners of Dolya Consulting, a Gibraltar-based business development, compliance and regulatory advisory firm that works with businesses engaging in regulated activities. He is a regulatory expert and compliance leader with 18 years’ industry experience, who specializes in financial markets, FinTech and DLT. Targ has worked with a number of high-profile clients in the blockchain, financial services and FinTech / RegTech industries with a presence in or connection to Gibraltar. He previously served as Group Chief Compliance & Regulatory Officer of GSX Group, which he left mid-2019 before establishing Dolya Consulting with three other partners. Prior to life in Gibraltar, he spent over seven years leading a compliance and regulatory change consultancy in the City of London, working with major financial institutions and market infrastructures – including Goldman Sachs, RBS Group, Barclays Investment Bank and LCH.Clearnet – on the advocacy, technical interpretation and implementation of numerous regulatory and market reforms. Outside of work, he is a keen sailor and nature enthusiast with a passion for adventure and sustainability.

Paul Foster - Managing Director of Crucial Compliance, Gibraltar

Paul Foster is managing director of Crucial Compliance, which looks to help gaming operators develop responsible and sustainable businesses by providing regulatory, corporate responsibility, compliance and professional services.

Prior to this he was involved in FTSE listed Gaming Companies for over 11 years, most recently as Director of Digital Compliance and RG Development at GVC. He is a veteran of 3 mergers and has extensive global experience. He sits on the Board of the Gibraltar Betting and Gaming Association and is currently driving responsibility to Global companies through the implementation of the Senet Group approved Markers of Harm model.

Date

Thursday, 11th February 2021

Time

9.30 - 11.00 am CET

Webinar

Gotomeeting, login details will be provided after successful registration to the event

Cost

£30 for GACO/GFIA and GANT Members
£50 for non-members