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
TT

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.



Apple CEO Tim Cook Meets China's IT Minister During Beijing Visit

FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo
FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo
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Apple CEO Tim Cook Meets China's IT Minister During Beijing Visit

FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo
FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo

Apple CEO Tim Cook met on Wednesday with China's Minister for Industry and Information Technology Jin Zhuanglong during a visit to Beijing this week, the ministry said in a statement.
During the meeting, Jin told Cook that he hoped Apple would continue to deepen its presence in China, increase investment in innovation, grow with Chinese companies and share the dividends of high-quality development, the statement showed.
The trip is Cook's second to China this year. His posts on the X-like Weibo social media platform showed he visited an organic farm and toured ancient neighborhoods with artists including local photographer Chen Man, Reuters reported.
China is the world's biggest smartphone market where, in recent quarters, the iPhone maker has been losing market share to domestic rivals. Apple began China sales of its latest smartphones on Sept. 20, the same day local champion Huawei launched a rival handset. The new iPhones got off to a strong start with sales rising 20% in the first three weeks of launch compared with the year-earlier model, showed data from researcher Counterpoint.
However, overall iPhone sales in China fell 2% on year during the three-week period due to declining sales of older models and increased competition with Huawei's Mate and Pura series, Counterpoint said.