At the Sydney Finance Magnates Pacific Summit, Simon Sheridan from Forex Live interviewed Deborah Young, CEO of the RegTech Association. Deborah explained the association's mission to accelerate the adoption of regulatory technology (RegTech) globally. She discussed recent work with European central banks on suptech (supervisory technology), which helps regulators solve internal monitoring and compliance challenges.

Deborah also highlighted improvements in procurement processes within RegTech, noting that sales cycles have shortened, benefiting regulators, institutions, and investors. She emphasized the crucial role of RegTech in ensuring compliance in financial services, especially around digital identity, financial crime, and cybersecurity.

Deborah underscored the growing use of artificial intelligence (AI) in RegTech and the importance of explainable AI for regulatory purposes. Lastly, she addressed upcoming trends like cybersecurity, fraud prevention, and the transformative potential of AI, urging the industry to stay proactive in these areas.