I'm Jo Anne Barefoot.
I'm CEO of Barefoot Innovation Group and
Cofounder of Hummingbird Fin Tech and host of the podcast show Barefoot Innovation,
and I'm delighted that you can join me for my talk today on RegTech.
So starting with the context of where we are now,
the regulatory and legal process has always been word-based and has always been linear.
Not many people believe that but I'm confident that it's true for two reasons;
one is it's already starting to change,
and the other is that the regulatory world really doesn't have the option to hold
still and use old technology as new technology transforms finance.
The financial sector is being deeply disrupted and be made by technological change and
it is the most highly pervasively complexly regulated sector of all,
and as a result,
the regulatory issues are going to have to change.
So I'm confident that the regulatory process is going
to change because of the pervasiveness
of regulation in the financial sector
and the fact that really there's no option not to change.