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.
She has worked for top tier Financial Institutions around the globe and has seen most of the banking landscape from a Local, Regional and International perspective, before setting up her own company ThinkMola, in Singapore.
During her banking years, she became acutely aware of the Regulatory, Operational and Risk Management pain points faced by banks and other Financial Institutions alike and concluded that many of the same problems could be eliminated more effectively with the use of Regulation Technology (RegTech).
Regulatory Pain Points
since the financial crisis
Moreover, after the Financial crisis of 2008, when FinTech came into play, she was convinced that RegTech would become instrumental for the future of Finance as a whole. Especially given the exponential increase of regulations leading to a tremendous increase in compliance costs and the decrease of business growth.
As an expert in the regulatory and compliance field, she identified the ever growing gap between the need for more robust, effective, efficient, cheap and secure compliance solutions and the static traditional solutions that were out there (i.e. getting more bodies in, silo practises, legacy systems etc). She started to think what if there was a way that Technology could actually help to streamline operational processes, automate manual dealings, while still being secure and trustworthy, cheap and flexible? RegTech promises all of the above and therefore will revolutionize the future of risk management and 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.
“Our advisors have been selected carefully and are a tremendous source of expertise in this particular area, so we are very lucky and honoured that we can work together with such a great group of Industry specialists”, says Mona Zoet.
Same goes for our partners: with them we co-create, co-publish and co-organise.