The increasingly complex regulatory landscape poses a major challenge for  financial service providers. RegTech uses emerging technologies such as AI, machine learning and blockchain to help financial institutions meet this challenge.

 

By partnering with RegTech companies, financial institutions can use technology to automate tasks and access data that might be out of reach, saving both time and money as well as providing a reliable means to comply with regulations.

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Given the benefits that RegTech brings to the financial sector, why do so many new startups and small providers struggle to access this market? Barriers to entry include, but are by no means limited to, complex supplier due diligence processes, bank-grading and security fears around new technology.

 

In this white paper, we share our experience of working with large financial service providers and provide some practical solutions to overcome the immediate challenges in engagement.