Financial Technology Workshop

Financial Technology

What is it about?

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.

Outline

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

Ingrid Goodspeed

Ingrid Goodspeed has over 30 years’ banking and financial markets experience in the areas of treasury, risk management, compliance, investment analysis, economic research and information technology. And 6 years at National Treasury as a financial sector policymaker.

Ingrid is currently a freelance financial sector analyst focussing on governance, risk and financial technology. Before that she was with National Treasury, Nedbank, Deloitte, Teba Bank (now Ubank), Absa Securities and Absa Capital. She was a COBOL and Assembler programmer and spent 8 years in the information technology division of a large bank.

Ingrid 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.

She serves on a number of boards and trusts including the SAIFM, the Payments Association of South Africa, ASISA Enterprise and Supplier Development (Pty) Ltd, ASISA Foundation and Momentum Metropolitan ESD Fund.

Ingrid has published a number of books and articles.

Methodology

The workshop will be offered online whereby a delegate whose attendance has been confirmed in writing will receive by email –

a copy of the power point slides to be used in the workshop
a link to join the online workshop at the set time

CPD

CPD for FAIS purposes
This workshop provides verifiable CPD points in terms of the Determination of Fit and Proper Requirements for Financial Services Providers, BN 194 of 2017, provided that the content is appropriate for your role within the company. A certificate of attendance will be issued that could be submitted to your company’s compliance officer. The number of verifiable CPD hours will be up to 6 hours.

CPD for SAIFM members’ purposes
This workshop provides verifiable CPD points in terms of the CPD policy of SAIFM provided that the content is appropriate for your current or future role within the company. A certificate of attendance will be issued, which should be retained and submitted should you be selected for a SAIFM member CPD audit. The number of verifiable CPD hours will be up to 6 hours.

Queries

All bookings and enquiries can be directed to Melissa Joao : melissa@saifm.co.za / 011 802 4768

DATE 5 November 2024

TIME 09H00 – 15H30

COST
SAIFM Full members pay R5051.95 per person (Inc. VAT)
SAIFM Affiliate members pay R5531.50 per person (Inc. VAT)

KINDLY NOTE: Closing date for bookings and receipt of payment is 1 October 2024.

Please click here to view the workshop delegate terms and conditions.