Services computing and regtech

Michael Goul

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

As financial technologies (Fintech) pioneers seek to disintermediate the world's traditional banking sector's intermediary role, new regulatory technologies (Regtech) will be required to guarantee markets can be trusted, contract laws are adhered to and compliance can be verified through transparent processes. Services computing researchers will play an important role in advancing Regtech, but they must add to their repertoire additional knowledge of financial principles, an understanding of common Fintech pathologies that may be exploited by bad actors, and new thinking in regard to protecting customer data across multiple legal jurisdictions and the related compliance of boundary crossing banking-related algorithms. This paper uses supply chain finance as a use case to demonstrate details of this needed new repertoire. Ten areas of goal and constraint resetting relevant to Regtech software development and traditional services computing approaches are discussed. At stake is the need for services computing scholars to engage in developing some of the most critical software services of our age - those that can help to maintain and advance our market-based societies.

Original languageEnglish (US)
Title of host publicationProceedings - 2019 IEEE World Congress on Services, SERVICES 2019
EditorsCarl K. Chang, Peter Chen, Michael Goul, Katsunori Oyama, Stephan Reiff-Marganiec, Yanchun Sun, Shangguang Wang, Zhongjie Wang
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages219-223
Number of pages5
ISBN (Electronic)9781728138510
DOIs
StatePublished - Jul 2019
Event2019 IEEE World Congress on Services, SERVICES 2019 - Milan, Italy
Duration: Jul 8 2019Jul 13 2019

Publication series

NameProceedings - 2019 IEEE World Congress on Services, SERVICES 2019

Conference

Conference2019 IEEE World Congress on Services, SERVICES 2019
CountryItaly
CityMilan
Period7/8/197/13/19

Keywords

  • Fintech
  • Regtech
  • Supply Chain Finance

ASJC Scopus subject areas

  • Hardware and Architecture
  • Information Systems and Management
  • Safety, Risk, Reliability and Quality
  • Management Science and Operations Research
  • Artificial Intelligence
  • Computer Networks and Communications
  • Information Systems

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  • Cite this

    Goul, M. (2019). Services computing and regtech. In C. K. Chang, P. Chen, M. Goul, K. Oyama, S. Reiff-Marganiec, Y. Sun, S. Wang, & Z. Wang (Eds.), Proceedings - 2019 IEEE World Congress on Services, SERVICES 2019 (pp. 219-223). [8817064] (Proceedings - 2019 IEEE World Congress on Services, SERVICES 2019). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/SERVICES.2019.00061