By David Gardner
The technology discourse in financial services has most recently been dominated by fintech. However, interest in regtech is growing. Regtech is generally recognised as technology that addresses a regulatory challenge faced by a financial services provider, including monitoring, reporting and compliance obligations. It often uses automation and machine learning tools to simplify processes and reduce cost, time and effort.
There is a head of steam building around regtech that’s driven by the confluence of interest from regulators, large and small banks and fintech providers.