CedarIBSI FinTech Lab roundtable discusses the need for RegTechs in ME

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CedarIBSI FinTech Lab in Dubai

IBS Intelligence (www.ibsintelligence.com), a global leader in banking technology research, along with its group company Cedar Management Consulting LLC. (www.cedar-consulting.com), a leading global financial services consulting firm, successfully conducted its second FinTech Roundtable on November 28 in Dubai.

The roundtable discussed the need for innovations in the treasury management systems and regulatory technologies in the banking eco-system. It was well-participated by the members of the lab and also various UAE-based banking majors such as National Bank of Fujairah, Mashreq Bank, ENDB (Emirates NBD) and Dubai Islamic Bank. The lab members included i-Xceed Solutions, Fournxt, Clayfin, Expleo (formerly Thinksoft) and Clari5.

Rise of RegTechs

Rivi Varghese, CEO and Founder of Clari5 (CustomerXPS), on the need to develop solutions around fraud or risk management, treasury management and compliance, said that the cyber-attacks are now getting coordinated for short durations. Hence, the need is more pressing for banks to adopt solutions that could prevent them from any risks resulting in…

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