In episode four of our RegTech Revealed webinar series RegTech Women Board member Sarah Sinclair welcomed Wendy Harrison, Founder and CEO of 1st Idea Limited.
Sarah and Wendy talked about their different paths into RegTech, speaking up and getting involved and role models.
With a recent study stating that 20% institutions would identify they are spending 5% of REVENUE on compliance, Wendy and Sarah discussed whether costs are a technology or data issue and how to define a better way. They also shared advice for women in the industry on getting involved and speaking up as well as answering questions about product governance and data mapping.
Highlights from the conversation include:
- the 3 point Mercedes Benz star of RegTech
- the golden rule of classification and how to treat traditional and digital assets
- data initiatives driven by both banks AND regulators
- why Wendy's role models include Rosalyn Franklin and Oprah Winfrey
You can catch the replay below.