The financial industry had come to the era of Bank 4.0, but the tides of financial innovation and technological revolution also exposed deficit on regulations and policies. In response, the Financial Supervisory Commission in Taiwan, promulgated "White Paper on Fintech Development Strategy" in May 2016 to propel the institution of relevant legal compliance to regulate the provision of financial technology services while facilitating its development.
Needless to mention, future directions of supervisory technology shall evolve from passive data collection toward data analysis and progress from establishing risk assessment mechanism to engage active risk control. For it is only by establishing the three lines of defense of internal control, can risks from operating activities be reduced and improve operating performance. Therefore, the emerging digital finance players will be the best agent to pilot legal compliance applications.
The Financial Compliance and Supervision module aims to provide corporate talents solid legal trainings to sharpen their business acumen, assist them to grasp the market trends, and construct the framework of the supervision system for students to discern the logic and directions of supervisory technology.
From a business context, the aim of these five sessions is to identify and explore the challenges, opportunities, and solutions of cybersecurity management in the digital era, with a particular focus on financial industry. The course will introduce key risk management concepts, new types of cybersecurity risks, security and social engineering and management approaches that may help the companies develop an effective and resilient cybersecurity management program.
