Technological innovation in financial services have generated profound changes in business models, channels, applications, processes, and products. These will have a material impact on financial markets, financial institutions, and the provision of financial services with substantial potential benefits for consumers in the form of lower costs, efficiency gains, and greater access to financial products and markets. However this may come at increased risks for the stability and sound functioning of the financial system.
The workshop will explain financial technology and its enablers, key transformative technologies, and impact on financial sector activities. It will describe the role of large technology companies (BigTech) and other non-bank entrants in providing financial services. The response of international bodies such as the Financial Stability Board and Bank for International Settlements will be outlined as well as that of global and domestic regulators.
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Agenda
9
00AM
-
3
30PM
Day 1
Ms. Ingrid GoodspeedFinancial technology described
Enablers of financial technology such as cloud services, the internet of things, big data, natural language processing, Application Programming Interfaces (APIs) and smart or advanced analytics (generally statistical)
Key transformative technologies such as artificial intelligence, distributed ledger technology and infrastructure and distribution software packages
Impact of financial technology on financial sector activities such as banking, credit, financial advice, investment management, insurance, payments, and trading
The role of large technology companies in the provision of financial services (BigTech)
The use of technology by supervisors (SupTech) and regulated financial institutions to meet regulatory requirements (RegTech)
Crypto assets and digital currencies including central bank digital currencies
Regulatory response of international bodies, standard setters, and regulators
The response of South African regulators
Day 1
Financial technology described Enablers of financial technology such as cloud services, the internet of things, big data, natural language processing, Application Programming Interfaces (APIs) and smart or advanced analytics (generally statistical) Key transformative technologies such as artificial intelligence, distributed ledger technology and infrastructure and distribution software packages Impact of financial technology on financial sector activities such as banking, credit, financial advice, investment management, insurance, payments, and trading The role of large technology companies in the provision of financial services (BigTech) The use of technology by supervisors (SupTech) and regulated financial institutions to meet regulatory requirements (RegTech) Crypto assets and digital currencies including central bank digital currencies Regulatory response of international bodies, standard setters, and regulators The response of South African regulators
Speakers
Ms. Ingrid Goodspeed
Independent ConsultantIngrid Goodspeed has over 30 years’ banking and financial market experience in the areas of treasury, risk management, compliance, investment analysis, economic research, internal audit, information technology and management information. And 6 years in South Africa’s National Treasury as a financial sector policymaker.
Ingrid is currently an independent consultant with projects including: A study of the role of private equity in the economy for Intellidex (2022), Proportionality in banking regulation for Intellidex (2021) and Financial Markets Review for the South African Reserve Bank (2018). Before that she was with National Treasury, Nedbank, Deloitte, Teba Bank (now Ubank), Absa Securities and Absa Capital.
She is a Chartered Director (SA) and Fellow of the South African Institute of Financial Markets (SAIFM). She holds an MBL (cum laude), a BCom Honours (Economics) and an LLB from Unisa.
Ingrid serves on a number of boards and trusts including the SAIFM, the Investment Analysts Society of South Africa, Payments Association of South Africa, ASISA Enterprise and Supplier Development Fund, ASISA Foundation and Momentum Metropolitan ESD Fund.
Ingrid has published a number of books and articles.
Speakers
Ms. Ingrid
Goodspeed
Independent Consultant
Ingrid Goodspeed has over 30 years’ banking and financial market experience in the areas of treasury, risk management, compliance, investment analysis, economic research, internal audit, information technology and management information. And 6 years in South Africa’s National Treasury as a financial sector policymaker.
Ingrid is currently an independent consultant with projects including: A study of the role of private equity in the economy for Intellidex (2022), Proportionality in banking regulation for Intellidex (2021) and Financial Markets Review for the South African Reserve Bank (2018). Before that she was with National Treasury, Nedbank, Deloitte, Teba Bank (now Ubank), Absa Securities and Absa Capital.
She is a Chartered Director (SA) and Fellow of the South African Institute of Financial Markets (SAIFM). She holds an MBL (cum laude), a BCom Honours (Economics) and an LLB from Unisa.
Ingrid serves on a number of boards and trusts including the SAIFM, the Investment Analysts Society of South Africa, Payments Association of South Africa, ASISA Enterprise and Supplier Development Fund, ASISA Foundation and Momentum Metropolitan ESD Fund.
Ingrid has published a number of books and articles.