The Rise of RegTech
Seen as an offshoot of Fintech, RegTech is defined by the UK's Financial Conduct Authority (FCA) as "the adoption of new technologies to facilitate the delivery of regulatory requirements". The financial crash of 2008 led to increased regulation of financial services. and the patchwork of resulting national and international laws has placed an enhanced compliance burden on firms. RegTech solutions are helping to ease the pain by assisting firms to keep abreast of new requirements and integrate the capacity to comply with them into their existing systems.