On June 2cd and June 3rd, The Dubai Financial Services Authority (DFSA) and The Dubai International Financial Centre Authority (DIFCA) held the first edition of a Regulatory Technology (RegTech) event, ‘RegTech Live’.  The event drew over 600 attendees in the financial sector and centered on the theme of Driving Compliance through Innovation.

This global event included keynote speeches, panel discussions, and demonstrations from experts on the digitalisation of compliance, onboarding processes, transaction monitoring, and broader regulatory compliance.   Bryan Stirewalt, Chief Executive of the DFSA, said: “The digitalisation of the compliance function is key to the future of finance and this can only happen effectively with engagement from public and private sectors.  This event brought awareness for all stakeholders, including regulators, on understanding the available and emerging regulation technologies and the risks and opportunities they present to clients, markets, and overall financial stability.  This event played a key role in raising awareness about the use of technology in the delivery of financial services and maintaining regulatory compliance.”  

Arif Amiri, Chief Executive Officer of DIFC Authority, also commented: “The event demonstrated how the financial services sector is adapting and making use of technology to drive innovation, deliver compliance solutions and help build a more robust regulatory environment.”

In 2017, Starling was invited to participate in the Dubai International Financial Center’s “DIFC Hive” FinTech and RegTech accelerator.  You can learn more about the insights uncovered during DIFC Hive here.