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Compliance Costs To Lift Regtech Spending To $76 Billion By 2022

October 30, 2017

 

Spending on regtech will grow by an average of 48 per cent per annum over the next five years, rising from $10.6 billion in 2017 to $76.3 billion in 2022 – as banks seek to avoid costly regulatory fines.

 

The research, Regtech Strategies for Financial Services 2017-2022, found that regtech spending, as a percentage of regulatory spending, will increase dramatically, from 4.8 per cent in 2017 to 34.4 per cent by 2022.

 

This represents a vast opportunity for regtech vendors, who can capitalise on banks seeking efficiency in meeting regulatory compliance requirements.

 

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