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Application of AI in RegTech

Application of AI in RegTech

Regulatory and compliance issues are some of the most important, complex and resource-consuming problems to solve for any organization, especially for startups with limited resources. Over decades of development, regulatory requirements and documentation have grown into a matter of special expertise and skills to decode. Globally, ~$80 billion is spent on governance, risk and compliance, and the market is only expected to grow, reaching $120 billion in the next five years .

Insights

Strategic Analysis of RegTech: A Billion-Dollar Opportunity

Strategic Analysis of RegTech: A Billion-Dollar Opportunity

RegTech refers to a set of companies and solutions that address regulatory challenges across industries, including financial services, through innovative technology. RegTech solutions are agile by nature due to the complexity and momentum of regulatory transitions. Traditionally, the technology was developed to be robust. However, RegTech can’t afford the luxury to deliver a solution for static requirements—it has to be a self-learning machine.

Insights

Crowdsourcing to Deliver #RegTech Change Management Platforms

Crowdsourcing to Deliver #RegTech Change Management Platforms

In my role as organizer and chair of RegTech London, during 2017, I will be interviewing several #RegTech CEOs to further understand, what problem they are solving and how. In this episode (1), I interviewed PJ Di Giammarino.

Insights

Global RegTech Report Ranks Trulioo Top in ID Verification

Global RegTech Report Ranks Trulioo Top in ID Verification

Trulioo’s RegTech solution provides online identity verification for 4 billion people in real-time

Insights

The New Global FinTech Mumbai Event: RegTech and Blockchain

The New Global FinTech Mumbai Event: RegTech and Blockchain

On December 21, LTP in partnership with Opus Consulting organized a FinTech meetup in Rise Mumbai called “The New Global FinTech Event: RegTech and Blockchain.” The meetup had attracted over 100+ audience members from Mumbai. The attendees were a mix of bankers, startups and technology aficionados. The theme was centered on RegTech and blockchain and a couple of keynote speeches.

Insights

What RegTech and Regulatory Sandboxes Can Learn From Entrepreneurs

What RegTech and Regulatory Sandboxes Can Learn From Entrepreneurs

The general perception of regulators is that they are slow and reactive. The Dodd-Frank Act illustrates this. It was passed in 2010, only two years after the Global Financial Crisis (GFC), its full implementation remains a work in progress. And despite the effort, time and resources invested in it, Dodd-Frank represents a less significant shift than the ones effected in the early 1930s and the mid-to-late 1980s. Dodd-Frank is really only a reactive and incremental improvement that has had limited impact on financial markets and their structure.

Insights

21 Hottest RegTech Startups That Are Defining the Industry

21 Hottest RegTech Startups That Are Defining the Industry

What is RegTech?

Insights

International RegTech Companies Defining the $100-Billion-Dollar Industry

International RegTech Companies Defining the $100-Billion-Dollar Industry

Demand for a better solution Dealing with regulations and compliance has always been a costly and far-from-hassle-free experience for companies, especially for young startups in the financial services industry. Regulatory documents are 100+ page pamphlets requiring special skill and experience to comprehend and deal with. An example of skyrocketing expense that compliance requires is a $2.2 billion spent by London-based HSBC on regulation and compliance in the first nine months of 2015, up 33% YoY. Financial institutions’ expenses on compliance have increased as a percentage of total expenditure over time. Globally, ~$80 billion is spent on governance, risk and compliance, and the market is only expected to grow, reaching $120 billion in the next five years.

Insights

What’s in Store for RegTech in 2017?

What’s in Store for RegTech in 2017?

RegTech has been a famous buzzword in 2016 and the industry – banking and FinTech alike – is looking eagerly at 2017. RegTech is comparatively a new term used in FinTech to describe a set of companies and solutions that address regulatory challenges across industries, including financial services, through innovative technology.

Insights

Will IBM Watson Endanger RegTech Startups in 2017?

Will IBM Watson Endanger RegTech Startups in 2017?

IBM Watson is probably one of the wonders of modern technological advancements and a crown jewel of the IBM Corp. The company made its bet on advancing Watson to swoop into a range of industries and in the nearest future, IBM could become the primary player across verticals that startups should worry about.

Insights

RegTech – the Missing Piece in an As-Yet Emerging Area

RegTech – the Missing Piece in an As-Yet Emerging Area

Insights

The RegTech Effect: Unleashing Innovative Capacity With Cost-Efficient Data Management and Reporting Solutions

The RegTech Effect: Unleashing Innovative Capacity With Cost-Efficient Data Management and Reporting Solutions

Compliance consumes innovation opportunities

Insights

Ben Jafari

Ben Jafari

Business Development (RegTech) #AML #Compliance #Corruption #RegTech #machinelearning

People

A Report on Global RegTech: A $100-Billion Opportunity – Market Overview, Analysis of Incumbents and Startups

A Report on Global RegTech: A $100-Billion Opportunity – Market Overview, Analysis of Incumbents and Startups

After the recession, banks in the US alone have shelled out more than $160 billion as fines, penalties and settlements for non-compliance of regulations. 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. The annual spending by financial institutions on compliance is estimated to be in excess of US $70 billion, thereby providing a very large opportunity for RegTech firms. Unlike the incumbents, RegTech solutions are agile while those developed by traditional players are robust. According to a survey by financial brand, risk management, regulatory and governance is the third most important priority for financial institutions globally, post investment in digital channels and product innovation.

Insights

21 RegTech Companies Defining the Emerging Industry

21 RegTech Companies Defining the Emerging Industry (Compiled List)

The compiled list on RegTech companies consists of the definition of the term, the reason RegTech is important and the list of 21 most promising pioneers in the emerging industry with brief descriptions

Proprietary Research

Strategic Analysis of RegTech: A Hundred Billion-Dollar Opportunity

Strategic Analysis of RegTech: A Hundred Billion-Dollar Opportunity (Research Report)

RegTech refers to a set of companies and solutions that address regulatory challenges across industries, including financial services, through innovative technology. RegTech solutions are agile by nature due to the complexity and momentum of regulatory transitions. Traditionally, the technology was developed to be robust. However, RegTech can’t afford the luxury to deliver a solution for static requirements—it has to be a self-learning machine.

Proprietary Research

Carl Buettner

Carl Buettner

eCom Payments professional in the #Fintech & #RegTech industry. Work for IdentityMind Global driving BD thru Strategic Partnerships.

People

Patrick Barnert

Patrick Barnert

CEO @QumramAG an award-winning #Fintech and #Regtech #software solution helping organizations to comply with global #regulations; Entrepreneur & Business Angel.

People

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