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

Subset of fintech

clock • 3 min read

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 more efficiently and effectively than existing capabilities".  This sector has really taken off over the past two or three years with investment into regtech surpassing $1bn (£755m) in 2017. This is not surprising when considering the rise in prominence for the compliance and risk management roles within financial service firms since the financial crisis of 2008. Since then, new r...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

'In the AI era, neurodivergence is more valuable than ever'

'In the AI era, neurodivergence is more valuable than ever'

'The design and training of AI systems inherently favour consistency and predictability'

Phillip Wickenden
clock 16 June 2025 • 5 min read
Majority of investors believe ChatGPT could provide 'reliable' financial advice

Majority of investors believe ChatGPT could provide 'reliable' financial advice

ChatGPT usage among younger investors rises to 70%

Isabel Baxter
clock 16 June 2025 • 2 min read
AI and data integration critical to tackling adviser capacity crunch

AI and data integration critical to tackling adviser capacity crunch

Dynamic Planner’s Rowan Whittington and M&G’s Chris Hudson urge advisers to prioritise integration

Sahar Nazir
clock 11 June 2025 • 3 min read