The Rise of RegTech

Wednesday, 21 September 2016

Heralded by Deloitte as the “the new FinTech,” RegTech quickly rose to prominence in 2015. By the end of the year, Google search results for “RegTech” skyrocketed. Throughout 2016, “RegTech” became such a dominating buzzword that 2016 can be considered “The Year of RegTech.” With that in mind let’s take a look at the astronomic rise of

One of the key concepts behind financial technology (fintech) is that it is intended to create innovative new approaches and solutions to challenges with existing financial services. Because of fintech’s rapid and agile development, the regulatory process has had difficulty keeping pace in many cases. On the other side, fintech startups in the early stages

Financial technology (fintech) is already changing the way that we use our money. Whether it’s payments, investing, or banking, there is a high likelihood that your transaction has been influenced in some way by fintech, even if you are still doing business with a traditional financial institution. Fintech innovations such as mobile check deposit and

With the rapid deployment of innovative financial technology (fintech) solutions, legacy business models in financial services have been redefined and reshaped. Citigroup reported that fintech investment saw phenomenal growth from $1.8 billion in 2010 to $19 billion in 2015. As a result, financial policy makers and regulators must strike the right balance of fostering competition

Foreign exchange (forex) is essential in today’s global economy as a facilitator of cross-border commerce. As with any industry that involves the movement of money, there is potential for money laundering, hence the need for regulation to protect and support national and international efforts against financial crime. Huge fines by financial regulators in recent years

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As the third largest economy in Latin America, Argentina boasts a gross domestic product (GDP) of over $540 billion according to the World Bank. Between 2003 and 2009, Argentina’s middle class doubled from 9.3 million to 18.6 million, now making up 45 percent of the population. And after years of economic decline, changes are being

The financial technology (fintech) industry continues to heat up globally, as entrepreneurs seek to find new and creative ways to improve access to and delivery of financial services. Many different countries and regions are jockeying for position as the home of the world’s leading fintech hub, including Singapore, Sydney, and London. In order to nurture

Since its new beginning with its first democratically-elected government in 1994, South Africa has emerged a growing economic force. From 2002 to 2012, the nation’s economy grew by roughly 3.6 percent annually, with per capita income seeing 2.2 percent annual growth. South Africa’s financial sector is well-developed, having 30 banks with nearly 4,000 branches, two

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