Modernising data capabilities

Why are financial institutions in South-East Asia adopting RegTech solutions?

Regulators are demanding more granular reporting

Many institutions rely on legacy IT systems that create inconsistencies

All of the other answers

Compliance requirements are becoming increasingly complex

How many data points does Singapore’s central bank require to be tracked?

100,000

300,000

600,000

250,000

How many data points relating to application programming interface submissions does the Bank of Thailand require to be tracked?

More than 600

More than 300

More than 900

The bank does not specify

How long will the Australian Prudential Regulation Authority’s data collection roadmap last?

Five years

Three years

Two years

Four years

Which of the following statements is true? Statement 1, RegTech solutions can support know your customer documentation, or statement 2, anti-money laundering detection primarily requires human input

Statement 1

Neither statement

Both statements

Statement 2

Which institution released the AnaCredit data requirements?

European Central Bank

Basel Committee on Banking Supervision

It was a collaboration between the other three answers

US Securities and Exchange Commission

According to the Alliance for Financial Inclusion, how many stages of RegTech adoption are there?

Eight

Six

Four

Three

Which of the following is the optimal way for financial institutions to implement RegTech?

Developing in-house solutions, because they will always offer the best value for money

A combination of in-house and third-party solutions is the ideal approach

It depends on the in-house skills available and the risk involved in using third-party solutions

Implementing third-party solutions, because institutions will not have people with the right skills

What is an increasing challenge for reporting?

The trend towards sharing data globally

The trend towards data sovereignty within countries

The lack of a uniform software for recording data

The move towards light-touch regulation around the world

Which of the following is NOT a stage of RegTech adoption?

Adopting big data architecture

Achieving advanced AI-driven capabilities

Bringing in third-party expertise

Incorporating basic automation

Modernising data capabilities

Why are financial institutions in South-East Asia adopting RegTech solutions?

How many data points does Singapore’s central bank require to be tracked?

How many data points relating to application programming interface submissions does the Bank of Thailand require to be tracked?

How long will the Australian Prudential Regulation Authority’s data collection roadmap last?

Which of the following statements is true? Statement 1, RegTech solutions can support know your customer documentation, or statement 2, anti-money laundering detection primarily requires human input

Which institution released the AnaCredit data requirements?

According to the Alliance for Financial Inclusion, how many stages of RegTech adoption are there?

Which of the following is the optimal way for financial institutions to implement RegTech?

What is an increasing challenge for reporting?

Which of the following is NOT a stage of RegTech adoption?

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