Is RegTech The Answer To Corporate Governance And Risk Management Issues?

February 20, 2019

 Financial technology, also known as FinTech, has changed the lives of billions by making financial services and products more accessible, and even integral, to their daily lives.  For example, FinTech is what makes it possible for payments to be processed quickly across the globe for low fees, or for individuals to buy and sell online securities directly in the stock market without the advice of intermediaries.  As an additional example, the sharing economy—the market for consumption of unused assets, facilitated by social media—is often powered by FinTech companies as well.

In light of the dramatic success of FinTech, the media, the private sector, and regulators have begun to focus their attention on understanding how to apply technology to regulate the financial sector, a field known as Regulation Technology, or simply RegTech.  In fact, the global RegTech Market revenue is expected to reach $7.2 billion by 2023. 

 

 

 

 

 

 

 

 

 

 

 

 

 

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