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...
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