Understanding RegTech for digital regulatory compliance

This chapter explores the promise and potential of Regulatory Technologies (RegTech), a new and vital dimension to FinTechFinTech. It draws on the findings and outcomes of a five-year research programme to highlight the role that RegTech can play in making regulatory complianceCompliance more efficient and effective. The chapter presents research on the Bank of England/Financial Conduct Authority (FCA) RegTech Sprint initiative, whose objective was to demonstrate how straight-through processing of regulations and regulatory complianceCompliance reporting using semantically enabled applications can be made possible by RegTech. The chapter notes that the full benefits of RegTech will only materialise if the pitfalls of a fragmented Tower of Babel approach are avoided. Semantic standards, we argue, are the key to all this

Disrupting Finance

This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry

Disrupting Finance : FinTech and Strategy in the 21st Century

This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry

Linked democracy : foundations, tools, and applications

Chapter 1Introduction to Linked DataAbstractThis chapter presents Linked Data, a new form of distributed data on theweb which is especially suitable to be manipulated by machines and to shareknowledge. By adopting the linked data publication paradigm, anybody can publishdata on the web, relate it to data resources published by others and run artificialintelligence algorithms in a smooth manner. Open linked data resources maydemocratize the future access to knowledge by the mass of internet users, eitherdirectly or mediated through algorithms. Governments have enthusiasticallyadopted these ideas, which is in harmony with the broader open data movement

Linked Democracy

This open access book shows the factors linking information flow, social intelligence, rights management and modelling with epistemic democracy, offering licensed linked data along with information about the rights involved. This model of democracy for the web of data brings new challenges for the social organisation of knowledge, collective innovation, and the coordination of actions. Licensed linked data, licensed linguistic linked data, right expression languages, semantic web regulatory models, electronic institutions, artificial socio-cognitive systems are examples of regulatory and institutional design (regulations by design). The web has been massively populated with both data and services, and semantically structured data, the linked data cloud, facilitates and fosters human-machine interaction. Linked data aims to create ecosystems to make it possible to browse, discover, exploit and reuse data sets for applications. Rights Expression Languages semi-automatically regulate the use and reuse of content. ; Links information flow, social intelligence, rights management, and modelling with epistemic democracy Presents examples of regulatory and institutional desig

A method for developing Reference Enterprise Architectures

Industrial change forces enterprises to constantly adjust their organizational structures in order to stay competitive. In this regard, research acknowledges the potential of Reference Enterprise Architectures (REA). This thesis proposes REAM - a method for developing REAs. After contrasting organizations' needs with approaches available in the current knowledge base, this work identifies the absence of method support for REA development. Proposing REAM, the author aims to close this research gap and evaluates the method's utility by applying REAM in different naturalistic settings

On the Development and Management of Adaptive Business Collaborations.

Today’s business climate demands a high rate of change with which Information Technology (IT)-minded organizations are required to cope. Organizations face rapidly changing market conditions, new competitive pressures, new regulatory fiats that demand compliance, and new competitive threats. All of these situations and more drive the need for the IT infrastructure of an organization to respond quickly in support of new business models and requirements. This dissertation studies the adaptive development and management of such dynamic business models and requirements. A rule based environment is developed in which the people who develop and manage business collaborations in organizations can do so in a way that is as independent of specific implementation technologies as possible; and where they can take business requirements into consideration, and in which they can respond to changes as effectively as possible.