Article: The Rise of RegTek Solutions13 February 2017 | Lloyd Altman
A recent Google search on the term “RegTech”, which is short for Regulatory Technology, returned no less than 260,000 results and the news section is filled with more than 13,000 articles. RegTek
Clearly the capital markets industry, consulting firms, conference organizers, and angel, venture capital and private equity investors have identified RegTech as the ‘Next Big Thing’. Having attended many RegTech-themed conferences, it is clear that many firms are in a rush to rebrand themselves as RegTech firms if their solution involves, for example, one or more of the following technologies: big data, artificial intelligence and blockchain. Many have implemented impressive regulatory-specific applications that range from helping firms identify suspicious behavior, develop better regulatory training and of course book transactions using blockchain technology.
The approach that Risk Focus took was orthogonal to the one that technology-centric companies have taken.