RegTech innovation and adoption- Impact, drivers, barriers
There are new announcements regarding FinTech every other day now. Start-ups are introducing disruptive technologies, multi-national banks are racing to test and integrate the new tech into their business models, while regulators attempt to build an innovative ecosystem and simultaneously, insulate customers from the risks of failure. Everywhere you turn, proofs-of-concept, sandboxes, bilateral agreements, abound.
The rise of FinTech is accompanied by growth in the closely associated area of RegTech.