Global Financial News

FinTech organisation hivera launches global data and compliance summit

BELFAST-based financial technology platform hivera will host its inaugural data and compliance virtual summit next week featuring top guest speakers from the Financial Conduct Authority, Starling Bank and CurrencyFair.

The event, which will take place virtually on March 23 (register free at www.hivera.ai/the-data-and-compliance-virtual-summit), focuses on the growing regulatory scrutiny of financial services firms’ data management practices.

There is now intensifying pressure to demonstrate control and oversight over data, particularly unstructured information which accounts for approximately 80 per cent of firms’ entire data estates.

The two-hour event brings together data, risk and compliance leaders from around the world to share robust, future-proofed and business-critical insights and strategies across four key areas of risk mitigation, compliance & governance, data privacy and data protection.

Speakers include Steve Green, head of central data services, strategy & competition at FCA; Fintan Byrne, chief compliance officer at CurrencyFair; Simon Cole, CEO at Automated Intelligence; Jason Maude, chief technology advocate at Starling Bank; and Paul Hudson, product strategist at hivera, a platform that helps global financial services firms bring their regulatory risk under control.

Paul Hudson says: “While most financial services firms will have a good handle on their structured data, this is only the tip of the iceberg as the most significant threats occur in unstructured data.

“Cognizant of this, regulators are taking a much more active role in policing firms’ data management practices. This summit will provide attendees with practical, actionable advice from industry experts so they can help bring all of their data under control.”

In 2020, the FCA and Bank of England announced plans for data reforms across the UK financial services sector, with the FCA vowing to become a highly data-driven regulator.

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