Compliance is core to the provision of regulated Financial Services and the risk management of those services. The evolution of technologically driven innovation in Financial Services (Fintech) presents new challenges for the contemporary compliance function. Fintech’s focus on the application of innovative technological solutions and enhanced data analytics to deliver an optimal (customised) user experience needs to be balanced by appropriate governance, control, and oversight.
For Fintech companies – whether they be ‘new’ Fintech companies and/or an ‘incumbent/traditional’ Financial Institution that is providing technologically enabled Financial Services/products - the strategic priority is to balance the foundations of compliance and control with the flexibility to capitalise on technological innovation.
The ACOI and its education partner, Professional Accountancy Training (PAT) have collaborated to develop a contemporary practitioner focused course that translates the traditional compliance function in the evolving Fintech environment. This course has been designed to address industry-wide challenges by providing professional training in Fintech Risk and Compliance. The programme provides participants with the knowledge and skills required to conduct and manage evolving compliance functions within the Financial Services industry.