Status of #regtech market? Great minds working together to define next evolution in industry at @RegTechTalks
@DavidBundiRisk opening the day and talks. Packed room with international audience from UK, Ireland, Germany, Brazil, USA, Italy & Switzerland
https://t.co/2faeKt0JdZ
„Regulations is the biggest risk to kill a bank today“ says @JByrneCorlytics from @corlytics at @RegTechTalks
MPOV: Not the intention of regulators... crazy. Not sustainable for future because only the bigger banks can burden the compliance cost.
Bake regulations into code!
Financial Institutions paid $321 billion in regulatory fines since the GFC. There is a change to Global Regulation every 10 minutes. Humans cannot keep up, but technology can. Using AI, Blockchain, and plenty of other exciting technologies, RegTech can au…https://t.co/rU89FEePjz
True, the #regulators can do more to help but they are not totally to blame. #Banks also need to realise the #RegTech market offers a variety of solutions capable of preventing regulatory fines & reducing the cost of #compliance https://t.co/q9KjYwj8Zr #LetsWorkTogether
When is the tipping point where #regtech is really taking off and being used by banks? A view from Tom Butler: all ingredients are here. Regulatory pressure, cost & complexity exploding, mature technology & solutions available, distribution happening across value chain, ...
#Regtech – The Greatest Opportunity in #Fintech
"Large US and European banks are spending as much as $20 billion a year on technology to help them comply with the newly evolving regulations such as #MiFID and #PSD2."
https://t.co/gDKaaM62Xo
#Banking#Payments#Compliance
Consumer Financial Protection Bureau (CFPB) has announced that it is working with the Commodity Futures Trading Commission (CFTC) to develop a #regulatory sandbox for #fintech companies https://t.co/lhDACMX50j #RegTech