Regulatory compliance plays a vital role in safeguarding consumers and companies, but the mechanisms which drive compliance can be archaic and inefficient often leading to frustration and rising costs. How can technology improve efficiency, reduce waste or just make someone's day that little bit easier. The key is start with a simple tactical outcome, apply the right tools and technology to make that one task easier. Then work through adding additional tactical outcomes - for example digital signatures.

1. Tools, technology & tactics
for tomorrow
Mike Jeffs
Regtech Talks
31st July 2019

2. Mike Jeffs
Chief Commercial Officer
Hark
@Mikerjeffs
mike@harksys.com

3. Regtech…huh?

4. 0
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‘Regtech’
🚀

5. You’re a
regulation nottie

6. You’re a
regulation hottie

7. Adapted from
Operations
Expectations
Expectations today vs operations tomorrow

8. Technology
management is
deciding which
changes are
adopted
Technology changes
exponentially
Organisations change logarithmically
Adapted from
Martech Law

9. “it ain’t about
the money”
just

10. Deep Sea, Coastal, and Great
Lakes Water Transportation
Pharmaceutical and Medicine
Manufacturing
Oil and Gas Extraction
Fishing
Scheduled Air Transportation
Depository credit information
Nondepository Credit
Intermediation
Motor Vehicle Manufacturing
Electric Power Generation, Transmission and Distribution
Petroleum and Coal Products Manufacturing
0 5000 10000 15000 20000 25000 30000
The 10 Most-Regulated Industries
Adapted from

11. Compliance is getting harder
4200
4250
4300
4350
4400
4450
4500
4550
Restrictions for Small Business Administration

12. https://www.independent.co.uk/news/world/europe/car-emissions-scandal-bmw-volkswagen-daimler-charge-eu-a8856806.html
😱

13. https://www.bloomberg.com/news/articles/2019-05-01/nasa-says-aluminum-fraud-caused-700-million-satellite-failures
fake test results
😱

14. There are around
200 regulatory
revisions to keep
track of, daily.
Deloitte

15. Digital
ecosystems
https://www.mckinsey.com/business-functions/mckinsey-analytics/our-insights/competing-in-a-world-of-sectors-without-borders

16. Healthcare
“Providers are dedicating approximately
$39 billion per year to comply with the
administrative aspects of regulatory
compliance in these domains.”
American Hospital Association

17. Tactics vs Tools
Business
Nudges
CX Tools
Crowdsourcing
Sandboxes/Pilots
Technology
AI
Robotic Process Automation
Big Data
IoT
Augmented Reality
Blockchain
Unmanned Aerial Vehicles

18. Life sciences

19. Warehouses and depots

20. Retail

22. “Connectivity is the gas that keeps these drivers
moving by enabling communications between
equipment, platforms and systems.”
Dave George

23. Connectivity makes us
all regulation hotties:
- Tactical outcomes
- Tools
- Technology

24. harksys.com
Mike Jeffs, CCO.
mike@harksys.com