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ComplianceFinanceOctober 17, 2023

Smart savings for Hong Kong banks: Harnessing RegTech and TOM to amplify efficiency

Watch this insightful webinar that delves into the dynamic landscape of the Hong Kong banking industry. As technology continues to reshape the financial sector, banks are embracing Regulatory Technology (RegTech) solutions and strategically crafting Target Operating Models (TOM) to enhance efficiency, compliance, and customer experience. Discover how these innovative approaches are revolutionizing banking operations in Hong Kong and paving the way for sustainable growth in a rapidly changing environment.

Agenda:

Session 1: Employing a Target Operating Model (TOM) for success

  • Exploring the concept of TOM and its significance in aligning banking operations with strategic goals.
  • Key components of a TOM for banks in Hong Kong, including regulatory considerations, customer-centricity, and operational processes.
  • Practical insights of using TOM to allocate resources for achieving regulatory compliance.

Session 2: Embracing RegTech for regulatory excellence

  • Understanding the role of RegTech in enhancing regulatory compliance and risk management for banks in Hong Kong.
  • Showcase of real-world RegTech solutions that address specific regulatory challenges and streamline reporting processes.
  • Case studies highlighting successful RegTech implementations and their impact on compliance and operational efficiency.

Session 3: Leveraging GDR for strategic insights

  • The role of GDR in enhancing financial system efficiency
  • Challenges and solutions in GDR compliance
  • Beyond compliance: How GDR data can drive business insights
  • Extracting value from granular data: Use cases and examples
Victor Ma

Victor Ma
Principal Consultant, Wolters Kluwer

EY - Woon Sun Chong

Woon Sun Chong
Partner, Financial Services Business Consulting, EY Advisory Services Limited

Brian W Tang
Brian W Tang
Founding executive director, LITE Lab at University of Hong Kong; Board member, Fintech Association of Hong Kong
OneSumX GDR Solution
A user-centric regulatory reporting platform catering to critical data validation and audit needs, designed to handle millions of data points through in-memory and parallel processing.
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