Cybersecurity and consumer protection in the transport sector, among others, will be at the centre stage of discussions at the 2023 Regtech Africa Conference scheduled to be held in Lagos.
The international conference, scheduled for May 24 to 26, 2023, will focus on the development, challenges, solutions and economics of cybercrime, which is one of the emerging threats facing the global air transport sector in particular, and global economies as a whole.
The forum will have regulators, regulated and key industry stakeholders to engage, collaborate and share knowledge around new technologies and practices that support better regulations.
Chief Executive Officer of Regtech Africa Conference, Cyril Okoroigwe, said the conference is coming at a time when digital revolution in the financial sector has seen increasing changes with a new move towards technology-driven delivery channels. This holds great promise as a means to enable financial inclusion and thus help improve citizens’ lives.
Okoroigwe, however, stated that cybercrime has become a key concern in developing and emerging key countries’ financial markets and is threatening to hinder consumer trust and other global advances in building more inclusive financial sectors.
According to him, harnessing the power of big data, artificial intelligence and even block chain, regulatory technology is poised to reduce financial risk, increase regulatory compliance and stamp out laundering and fraud, all of which contribute to an estimated $2 trillion yearly loss for the global economy.
He assured that the conference would reveal how governments in emerging markets are raising the bar in implementing policies and strategies with the aim of setting innovative standards for risk management aimed at providing clarity and engendering prosperity.
The conference will feature an expansive line-up of stellar speakers, case studies, panel discussions, presentations providing access to a wealth of industry-leading knowledge sharing best practices and experiences, spotlighting trends, information exchange, insights and outlooks with actionable takeaways.
The event is focused on attracting top professionals with interest in regulations, compliance, technology, fraud, risk, monitoring, reporting, financial crime, cyber security, data management and identity management.
Technology service providers will share their knowledge, invited agencies of government at federal and state levels will share insights and showcase use cases in their domains, while international experts will provide perspectives on international best practices and use cases.
