The key to success: regulatory expertise combined with innovation

Staying ahead of the game with the Trend Scouting approach!

By using our Trend Scouting approach, we identify the latest RegTech trends in order to offer our clients the best possible advice and solutions around regulatory challenges.

Why?

Due to fast-moving technologies, there is often a lack of market insights, hence our goal is to identify innovative trends of the future in the RegTech Universe in order to be one step ahead for our clients. We also take a close look at the regulatory pain points of our clients in order to advise them. Not only our clients face ongoing changes in the market as well as increasing regulations, but often there is also a lack of technical know-how and RegTech awareness as well as outdated compliance structures and systems.

What?

Trend Scouting means to identify and evaluate the current trends and influencing factors in the RegTech Universe. The focus is on developing new scenarios through in-depth research, iterative loops and exchanges with the respective stakeholders. During the Trend Scouting process, we consult with internal and external experts to develop the best possible use cases and to identify RegTech solutions for our clients.

How?

By using professional expertise and trend radar tools, we identify RegTech trends and related hot topics. Once we have come across a trend, we conduct a deep-dive analysis where we develop a research analysis and a use case. This is followed by an initial conversation with the key stakeholder. After several refinements and iterations, the final use case is ready to be published and available to our clients.

Trend Scouting Process

These five iterative steps are the core process of Trend Scouting.

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What is RegTech Hub & Ecosystem all about?

As a first mover in the RegTech environment, we globally connect RegTech knowledge and pain points across different businesses at Deloitte with selected partners and clients in an open ecosystem.

Why?

To overcome the fragmented RegTech silo structures and expand the lack of awareness of RegTech opportunities we fill the RegTech market gap with a trusted ecosystem.

What?

We offer a validated database of collaborations, partnerships and vendors, create awareness for RegTech topics through a Knowledge & Learning Space and support advisory and implementation of RegTech solutions for customers.

How?

To address typical pain points we provide our clients and collaboration partners with the best network:

• Continuous market research for new RegTech vendors & solutions
• Workshops & Events
• Networking & Community
• Health Check Guidance

The RegTech Hub & Ecosystem

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Sandboxing is a key enabler for RegTech solutions!

We identify client pain points in an iterative process. Apply our defined, proven and well-established Sandboxing approach.

Why?

Many factors, such as the constant evolution of the market, have made it difficult for our clients to successfully target their pain points.

With our Sandboxing approach we give our customers and partners the opportunity to find innovative solutions for their compliance pain points with black box character.

What?

When it comes to "Sandboxing“ we create an innovative environment of latest technologies combined with regulatory expertise for our clients. We build blocks of regulatory risk for market success in collaboration with other business lines and related initiatives.

We want to offer our clients added value as a platform for external RegTech providers and innovative Deloitte initiatives to identify your potential for improvement and find solutions.

How?

By putting compliance pain points at the heart of the digitization process, we apply the Sandboxing approach in a regulatory context to improve assets and services.

• Cooperation with first class RegTech vendors
• Bundled Deloitte Know-How and capabilities
• A dedicated Sandbox to allow agile and innovative workshops
• Portfolio of managed risk services

The Sandboxing Approach

Identify client pain points in an iterative process

Our RegTech Innovation Streams

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Financial Crime Advisory

Deloitte puts international expertise to prevent and combat Financial Crime at your Service.

Why?

The national and international regulatory and legal requirements in the areas of Anti-Money-Laundering, Economic Sanctions and Fraud Prevention evolve constantly. So do the threats posed by Financial Crime.

This requires a continuous effort to keep your policies, procedures, tools and processes in line with the latest requirements.

This is where Deloitte can assist you.

What?

Deloitte Financial Crime Experts support you in meeting regulatory requirements in the areas of Anti-Money-Laundering, Economic Sanctions and Fraud Prevention.

This includes advice and expertise in the areas of investigation, business partner due diligence, Know-Your-Customer (KYC), Transaction Monitoring, Sanctions Screening, Whistle-Blowing, Anti-Bribery, Risk Assessments, Process Optimization, among others.

How?

We assist you in effectively preventing and combating Financial Crime. Our experts assist banks, companies and organizations to protect themselves against financial crime and to respond promptly to attacks.

In addition to providing thorough expert advice, we also assist you in the development and deployment of innovative RegTech solutions.

Financial Crime Advisory

Our Mission Statement

“We advise businesses on all aspects related to financial crime.

Our experts assist banks, companies and organisations to protect themselves against financial crime and to respond promptly to attacks.

In addition to providing thorough expert advice, we also assist in the development and deployment of innovative RegTech solutions.”

Our key Financial Crime Advisory Areas

• Financial Services Industry (FSI)
• Fin-Techs
• Real Estate companies
• Non-FSI businesses

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With the latest technologies, we able our clients to act instead of react to external challenges, threats and regulations

RegTech Assets

With a drive to stay at the forefront of innovative technology and regulation, we have developed state-of-the-art compliance assets in the RegTech CoE in collaboration with several vendors and internal teams. Our clients already have various solutions at their disposal to protect themselves from financial crime issues.

VCU (Versatile Customer Underwriting) Know Your Customer incl. Adverse Media & Sanction Screening:

The requirement for a proper business partner due diligence increases massively, especially regarding to corporate as well as reputational damages. A due diligence audit with VCU (Versatile Customer Underwriting) enables our clients to check their existing systems and processes for possible weaknesses. The aim is to highlight potential risks that have not yet been identified or sanctioned. This tool can identify the control structures of companies based on a verified intelligent screening and web crawling.

Contact: Kilian Strauss & Peter Schadt

Link VCU Factsheet

PayTracer - Special Investigation for transactions:

The PayTracer applies our hard-won RegTech expertise to provide financial institutions with a 360° real-time and modular payment screening solution to review existing clients or securely enter into new corporate customer relationships. The client is offered an efficient analysis in combination with expert knowledge as well as the detection of complex transactions and roundtripping structures. It has numerous functions such as reputation screening, transaction mapping and much more.

Contact: Kilian Strauss & Peter Schadt

Link PayTracer Factsheet

KYC.R.A. / Report Automation for SAR and KYC

Intelligent text automation platform for Suspicious Activity Reporting (SAR) and KYC processes:

Our KYC.R.A. solution helps to reduce manual efforts for filing suspicious activity reports (SARs) for money laundering & any other crime cases.

Based on data input from transaction monitoring & case management systems the solution transforms structured information into high quality description of suspicious activities and transactions ready for reporting to the local Financial Intelligence Unit (FIU).

Contact: Fabian Best & Sebastian Hainzl

KYC. RA. – Factsheet

Fraud Fighter (Prototyp)

AI-based data-analytics solution to identify fraudulent transactions and involved parties via cluster analysis and outlier detection (e.g. accumulation of similar addresses linked to previous fraud cases or similar beneficiary addresses) or to identify new money laundering related trends (e.g. unregular payment flows into specific regions).

Contact: Marina Hader & Sebastian Hainzl

RegMonitoring Solution

Enhanced regulatory requirements repository including pre-analysis, reporting and tracking engine. A ServiceNow empowered frontend to identify, analyze and track regulatory requirements applicable for various countries, regions and industries empowered by Deloitte to ensure ongoing compliance.

Various sources for updated regulatory changes are analysed on an ongoing base and preprocessed within the platform.

Contact: Thomas Freyaldenhoven

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