The global RegTech sector is projected to reach a value of $66.9bn by 2032, growing at a 22.6% CAGR from 2023, according to a report from Allied Market Research. Given its size, it is evident that the market is full of various types of RegTech solutions all claiming to revolutionise the output of compliance teams....Read More
The role of artificial intelligence is continuing to evolve within the FinTech sector. As firms get to grips with the technology’s potential, many stakeholders are attempting to figure out what comes next. One particular area that is ripe for disruption is customer onboarding. A practice that can at times be slow, arduous and burdensome, the...Read More
FinTech Global recently spoke to RegTech firm Alessa to take a deeper dive into the regulatory landscape of 2024 and the strategic insights that financial firms can take away from it. Ontario-headquartered Alessa provides e a complete compliance program on one integrated, modular platform to help compliance teams meet, or exceed, regulatory requirements and stop financial crime...Read More
One of the most pressing issues with the financial industry right now is document fraud. How can RegTech’s tackle this challenge and provide more support? In the view of Joe Lemonnier, product marketing manager at Resistant AI, The financial industry stands at a critical juncture, facing a surge in document fraud driven by rapid technological advancements, one closely tied...Read More
As we approach the end of the second month of 2024, the direction of regulatory developments is beginning to take shape. What can we expect to see in the first half of 2024? In the view of Stacey English, director of regulatory intelligence at Theta Lake, despite the relative youth of the year the sector has...Read More
In the intricate world of FinTech, the geopolitical landscape plays a pivotal role in shaping compliance and regulatory frameworks. The aftermath of the Russian invasion of Ukraine in February 2022 has dramatically altered the sanctions regime, presenting unprecedented challenges for financial institutions (FIs). This seismic shift, marked by a surge in sanctions against various entities...Read More
A recent study from Theta Lake, a pioneer in digital communications governance, found that 69% of IT and compliance professionals expect the use of unified communication and collaboration (UCC) tools to increase in 2024. With firms using an average of 4.6 communication and collaboration tools, it is evident that UCC tools have become an embedded and...Read More
In the second part of a two-part series of interviews, FinTech Global spoke to the change-makers in the RegTech industry to understand the possible challenges and opportunities firms need to watch out for in the coming year. During the discussions, respondents touched on topics such as better communication between companies and the regulators as well...Read More
FinTech Global recently spoke to a plethora of key players in the RegTech industry to see what they saw as some of the most hot-button trends to watch out for in the industry in 2024. During the various interviews that were conducted, we were able to discuss a range of RegTech topics ranging from tech-related...Read More
Transaction reporting is a necessary requirement for countless regulations, and yet Novatus Advisory co-founder Matthew Ranson believes many firms are getting this process wrong, and they might not even be aware of it. What is transaction reporting? This is the process of generating a report on specific transactions, detailing the instruments traded, when the deal was made,...Read More
