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Is Regtech getting enough attention!

Is Regtech getting enough attention from Fintech Startups!

With Regulated entities having core business into taking risks and remain susceptible to regulators’ reprimands & penalties, are there enough RegTech solutions to address their pressing needs!

posted to
Fintech
on January 18, 2021
  1. 1

    This is a really interesting topic, as RegTech has the potential to save companies from millions of dollars of non-compliance fines and reputational loss if they have standardized systems of compliance.

    There are RegTech solutions for compliance process automation - for example PwC uses a no-code "Rulekeeper" app to help their clients deal with constantly evolving compliance and data protection issues.

    I think RegTech is particularly useful as unlike manual pen-and-paper compliance processes, this type of software can take a logical data-driven approach to risk.

    I too am intrigued to see how RegTech evolves and grows.

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