RIYADH — The Communications and Information Technology commission (CITC) will host the first Regulatory Technologies (RegTech) symposium Monday.

The symposium aims to shed light on the role and importance of regulatory technologies in governance, risk, and compliance management. It discusses a multitude of topics that range from the roles played by companies and institutes in regulation and oversight to the promising opportunities for startups and entrepreneurs.

The symposium will comprise lively panel discussions and engaging presentations, which in their entirety will lay the foundation for what RegTech is, examine the most promising opportunities for RegTech in the Kingdom, and sneak a peek into the latest global practices in RegTech.

This will take place in the presence of some internationally-acclaimed experts as well as compliance and risk management specialists from various companies and regulatory bodies in the Kingdom.

Within its wide spectrum of topics, the symposium will put emerging and advance technologies under the spotlight for the purposes of emphasizing the role of those technologies in: (i) improving regulatory and supervisory performance, (ii) contributing to compliance, (iii) alleviating regulatory burdens, and (iv) increasing operational efficiency.

The event will also survey the most prominent RegTech solutions and emerging companies. — SPA