Chris Davies: What is 'regtech' and how it can help your compliance?

Subset of fintech

clock
Chris Davies: "One of the key benefits regtech can bring is a diagnostic assessment for conduct and culture across key risk drivers such as individual biases and poor communications."
Image:

Chris Davies: "One of the key benefits regtech can bring is a diagnostic assessment for conduct and culture across key risk drivers such as individual biases and poor communications."

The relatively new idea of 'regtech' comes in many forms, writes Chris Davies, as he takes a look at the now-burgeoning sector and the potential solutions it can offer to advice businesses

The term 'regtech' was coined in 2015 by the Financial Conduct Authority (FCA) which described it as "a subset of fintech that focuses on technologies that may facilitate the delivery of regulatory requirements...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Technology

Since July, staff at the FCA have been pushing to join Unite, as changes made under Nikhil Rathi, the watchdog's chief executive, have proved unpopular with employees.

FCA blocks employee email containing union petition - reports

‘Phishing’

Georgie Lee
clock 28 October 2021 • 2 min read
"What financial advice firms of all sizes need to do now is ensure they prosper by making the most of digital, integration and self-service technology." - Simon Binney

Simon Binney: The changing face of post-pandemic financial advice

First of a two-part series

Simon Binney
clock 25 October 2021 • 5 min read
The new LTAF regime is likely to form the basis of the redesign of the open-ended property fund sector

FCA sets out details for new long-term funds

No retail investors

James Baxter-Derrington
clock 25 October 2021 • 2 min read