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How Can RegTechs Help Financial Services Industry Overcome the Burden of Compliance?

May 9, 2016

 

 

Source: Let's Talk Payments

 

Traditionally, dealing with regulations is a costly and a cumbersome affair. Regulatory documents are 100-plus pages long which aren’t clearly legible. Furthermore, references to multiple documents including previous versions of legislations make them difficult to comprehend. The London-based HSBC bank spent $2.2 billion on regulation and compliance in the first nine months of 2015, up 33% year on year.

 

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