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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...
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