![]() ![]() Regtech is the use of technology (particularly information technology) to ensure compliance with monitoring of and reporting on regulatory requirements. The second blog will focus on the history of Regtech, why banks are focussed on Fintech and who develops Regtech. ![]() In this first blog you will learn about what Regtech is, what value it can deliver and whether or not it is a form of Fintech. We will answer six key questions about Regtech in two blogs. Since compliance is so expensive for the financial services industry, could Regtech be the answer to questions about regulatory efficiency? With Regtech, financial service providers are able to manage compliance tasks through an automated process. Regtech is the fusion of the two words “regulatory” and “technology”. But what does Regtech actually mean, and when is it used? Is Regtech really “the next big thing” in the finance industry? After Fintech, there has been increasing talk in the past year about Regtech. Stay in-the-know with all things EdTech and innovations in learning by signing up to receive the weekly Smart Update. Ron Drabkin is Vice President of Marketing at OpenEd, an ACT Assessment Technologies company.
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