The New Frontier?
RegTech is the new buzzword in the FinTech sector. Combining regulation and technology, some hope this will transform how government, regulators and banks talk to each other. Indeed, the former British Prime Minister, David Cameron, specifically mentioned RegTech in his 2015 annual budget, saying that the UK regulators have been charged with identifying ways to support the adoption of new technologies to facilitate the delivery of regulatory requirements. Of course, regulatio