Our founder, Mona Zoet, has over 15 years of experience in the Financial Services Industry within the Legal, Risk and Compliance areas, specialising in AML and KYC.
During her banking years, she became acutely aware of the Regulatory pain points faced by Financial Institutions and concluded that many of the same problems could be eliminated more effectively with the use of Regulation Technology (RegTech).
Regulatory Pain Points
Moreover, after the Financial crisis of 2008, she was convinced that RegTech would become instrumental due to the exponential increase of regulations leading to a tremendous increase in compliance costs.
since the financial crisis
Mona identified the ever-growing gap between the need for more cost-effective and secure compliance solutions and the static traditional solutions currently implemented. RegTech promises these solutions and therefore will revolutionize the future of the regulatory regime. After identifying all the RegTech players on a global scale she published them via a digital platform and so RegPac, the Global RegTech Ecosystem Builder and Knowledge Sharing Platform, was born.