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Friday, March 31, 2023
HomeFeaturedEp.77 The One Stop Solution for Compliance Monitoring for Depositary Banks -...

Ep.77 The One Stop Solution for Compliance Monitoring for Depositary Banks – Arthur Reiter, CCO and Co-Founder at Depowise

As financial organisations are squeezed for costs and increased efficiency, financial institutions and specially depositary banks are having to narrow the focus of their core activities, leaving ancillary services to organisations that can provide them with more efficiency quality and better cost. 

This move would have been unthinkable only a few short years ago when banks and other financial players were adamant that all functions were to be provided in house. Nevertheless as disruption continues to make its way through financial services the disintermediation of the finance value chain continues to present opportunities for incumbents and fintechs to collaborate

We recently had the chance to speak to Arthur Reiter, CCO and Co-Founder of Depowise, and Estonian fintech that provides compliance monitoring for asset services.  In this eye-opening interview to the world of compliance monitoring, you’ll learn how the increasing complexity of regulatory compliance for financial institutions has become not only critical for depository banks  but highly labour intensive. Listen to how Depowise asset servicing core focus on investment managers and management companies is leveraging technology and deep subject matter expertise to ensure continuous adherence to complex regulation to give peace of mind to both asset managers and their clients.

Chris Crespo
Chris Crespohttp://nordicfintechmagazine.com
Chris is a Co-founder and Chief Editor at Nordic Fintech Magazine, where he simplifies complex financial concepts through jargon-free content, making it easy for anyone to understand. With extensive experience in financial services, including working with some of Europe's largest banks, he brings a wealth of knowledge and insight into the industry. As the former Chief Futurist of the largest bank in the Nordics, Chris has a deep understanding of the Future of Financial Services, the Future of Money, Disruption, and Ethical AI in Finance. He is also a guest lecturer at Stanford University, where he shares his expertise on these topics. As a Behavioural Economist, Chris is passionate about exploring the connections between human behaviour and decision-making under risk, as well as uncovering and communicating the links between psychology, leadership, and technology in financial services.