On April 11, RegTech23 Data Summit in Washington, D.C., engaged industry and government experts on how to implement the Financial Data Transparency Act to ensure the law’s real benefits for future RegTech innovations are achieved in the years ahead.
The budget proposal addresses core priorities from the Biden campaign and earlier policy announcements from the Administration, including for economic recovery, climate change, and equity.
As the volume of cross-border transactions continues to increase, the risk of fraud and criminal activity rises in unison. To combat this, organizations must be able to establish a stakeholder’s legal identity in order to facilitate trust and transparency in transactions worldwide.
The Data Foundation’s Open Data Standards Task Force has issued recommendations that highlight areas where the federal government can take steps in 2021 to immediately institute improvements to financial regulatory data.
The response to COVID-19 using data around the globe suggests that, if societies want to combat future pandemics effectively, it is necessary, to employ new approaches to data governance. This will mean using evidence (data) to lead behavioral change.
