Infographic: Demystifying RegTech – Three strands of compliance
5 May 2017
Non-financial, financial and market/competition regulations were all borne as a result of disparate micro- and macro-economic factors, so why would the corresponding regulation technology be one-size-fits-all?
With an ever-growing number of xTech terms, RegTech is in danger of becoming an overused, underexplained buzzword, so we’re articulating the RegTech universe. In this first of our two infographics, we identify the three key strands of regulation and the role that RegTech plays within them; the origins, drivers and applications.
The associated whitepaper is for those concerned with technology solutions and platforms, and the increasing complexity of managing regulations. Our conclusions identify how financial institutions need to assess not just the suitability of the solution for the particular regulation but also the ideal system architecture that will reduce the costs of compliance and support the very different RegTech solutions.