The Fintech & Payments Power 50

Fintech Power 50 webinar: Regtech at scale - control, cost and accountability

Episode Summary

Regtech now sits inside core financial operations: reporting, monitoring, resilience, conduct and third-party oversight. As reliance on automation increases, regulators are asking harder questions about evidence, ownership and control, especially when systems fail or decisions are challenged. Firms are being pushed to show how controls work in practice, how data flows through systems, and how accountability is defined. At the same time, boards are questioning spend, duplication across tools, and exposure to third-party providers. That shift in scrutiny goes beyond formal submissions. Regulators care less about box-ticking and more about whether firms can prove their controls work on an ongoing basis. As a result, everyday issues like data quality, consistency and operating set-ups are coming under closer attention. This Fintech Power 50 webinar will bring together a panel to discuss how RegTech is holding up under scrutiny. The conversation will focus on what stands up in practice, where pressure points show up, and how organisations are responding to tougher regulatory expectations

Episode Notes

Moderator

• Ruth Wandhofer, Experienced Chair, Author, Speaker, Adviser, Visiting Professor at Bayes Business School

Panellists

• Stephen Simmons, Co-founder and Chief Data Officer at Sikoia
• Simon Kingston, Head of Partner Sales, EMEA at Jumio Corporation

Key takeaways

• Regtech is becoming part of how firms evidence control across automated processes.
• Identity verification is moving from one-off onboarding to ongoing risk monitoring.
• Data quality is essential for auditable decision-making.
• AI can support faster risk assessment, but firms still need governance and accountability.
• Vendors can provide tools and evidence, while regulated firms remain responsible for final decisions.
• Better collaboration between banks, fintechs, telcos, Big Tech and government could strengthen fraud prevention.