This session will explore the complex regulatory landscape that digital banks face as they strive to innovate and grow. With an increasing shift towards digitalisation in the financial sector, digital banks are emerging as key players in providing accessible, user-friendly financial services. However, they must navigate a range of regulatory challenges designed for traditional banking institutions, including licensing, compliance with capital requirements, anti-money laundering (AML) protocols, and customer protection.

Regulators are concerned with ensuring that digital banks adhere to robust risk management practices, protect consumer interests, and prevent threats such as cyber-attacks, fraud, and money laundering. Regulators must craft policies that maintain financial stability without stifling technological advancements.

Expert panellists will discuss:
1. The most pressing concerns for digital banks, including regulatory uncertainty, data privacy, and the challenge of balancing innovation with compliance.
2. The regulator’s perspective, highlighting their dual responsibility of promoting financial innovation and safeguarding the stability and integrity of the financial system.  
3. How digital banks can work collaboratively with regulators, emphasising the need for clear and adaptable regulations that support innovation while ensuring resilience and security in financial markets.
4. How regulators can oversee compliance but also serve as a partner in fostering an ecosystem where digital banks can innovate responsibly, benefiting consumers and markets alike.
5. Managing systemic risks, ensuring the scalability and sustainability of digital banks, and providing a regulatory framework that aligns with emerging technologies like AI, cloud computing, and cross-border operations.
6. How regulations can be adapted to meet the specific needs of digital banks while protecting consumers and maintaining a level playing field across the industry