Saudi Arabia’s CITC Hosts 1st RegTech Symposium with Participation of Global Experts

Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance
Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance
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Saudi Arabia’s CITC Hosts 1st RegTech Symposium with Participation of Global Experts

Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance
Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance

Saudi Arabia’s Communications and Information Technology Commission (CITC) will host the first Regulatory Technologies (RegTech) symposium on 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 improving regulatory and supervisory performance, contributing to compliance, alleviating regulatory burdens, and increasing operational efficiency.

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



China Welcomes Apple's Continued, Deeper Presence

Shen Xinyi (C), a student at Zhejiang University, introduces a "science and technology backyard" to Apple CEO Tim Cook (L) and chief operating officer Jeff Williams (R), at an organic farm in Shunyi District, Beijing, China, 22 October 2024 (issued 24 October 2024).  EPA/XINHUA / Cai Yang
Shen Xinyi (C), a student at Zhejiang University, introduces a "science and technology backyard" to Apple CEO Tim Cook (L) and chief operating officer Jeff Williams (R), at an organic farm in Shunyi District, Beijing, China, 22 October 2024 (issued 24 October 2024). EPA/XINHUA / Cai Yang
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China Welcomes Apple's Continued, Deeper Presence

Shen Xinyi (C), a student at Zhejiang University, introduces a "science and technology backyard" to Apple CEO Tim Cook (L) and chief operating officer Jeff Williams (R), at an organic farm in Shunyi District, Beijing, China, 22 October 2024 (issued 24 October 2024).  EPA/XINHUA / Cai Yang
Shen Xinyi (C), a student at Zhejiang University, introduces a "science and technology backyard" to Apple CEO Tim Cook (L) and chief operating officer Jeff Williams (R), at an organic farm in Shunyi District, Beijing, China, 22 October 2024 (issued 24 October 2024). EPA/XINHUA / Cai Yang

US tech giant Apple Inc is welcome to continue deepening its presence in the Chinese market, Commerce Minister Wang Wentao told its Chief Executive Tim Cook during a meeting on Friday, the ministry said in a statement.
The remark mirrored the exchanges between China's Minister for Industry and Information Technology and Cook during a meeting earlier this week in Beijing.
China is willing to help return Sino-US economic and trade ties to a healthy and stable track of development through regular exchanges between government and enterprises, Wang added.
China will further optimize the business environment and continue to provide quality services for foreign enterprises, Wang said, but also told Cook that the highlighting of national security "is not conducive to normal economic and trade exchanges.”