RegTech
One of the important aspects for discussions on regulatory reporting is to acknowledge that a ‘one size fits all’ approach is not appropriate, due to the intricacies and differences in this field.
Several regulators raised the point that an organisational SupTech strategy could be the means to gain further buy-in and development of SupTech within their specific organisations. A SupTech strategy could help regulators to clearly identify their areas of priority and secure the needed funding to develop the SupTech tools further
Some attendees raised the point that regulated FinTechs occasionally provide RegTech services and are able to gain business at a faster pace due to their regulated status and the automatic trust that this gives b2b buyers (even though the RegTech service itself isn’t regulated). There were no conclusions on how this could be addressed, but the ‘RegTech-Washing'.
Members
Some attendees raised the point that regulated FinTechs occasionally provide RegTech services and are able to gain business at a faster pace due to their regulated status and the automatic trust that this gives b2b buyers (even though the RegTech service itself isn’t regulated). There were no conclusions on how this could be addressed, but the ‘RegTech-Washing'.
Attendees raised the observed lack of ambition from the RegTech market for the growing crypto assets space. Even with a high number of cryptoassets remaining unregulated, attendees reflected on the lack of RegTech involvement and products to service this growing area. Even in the AML/Fin Crime space, new organisations have spun up, but with a limited RegTech presence.
Our Works
Some attendees raised the point that regulated FinTechs occasionally provide RegTech services and are able to gain business at a faster pace due to their regulated status and the automatic trust that this gives b2b buyers (even though the RegTech service itself isn’t regulated).
Attendees raised the observed lack of ambition from the RegTech market for the growing crypto assets space. Even with a high number of cryptoassets remaining unregulated, attendees reflected on the lack of RegTech involvement and products to service this growing area.
Some attendees raised the point that regulated FinTechs occasionally provide RegTech services and are able to gain business at a faster pace due to their regulated status and the automatic trust that this gives b2b buyers (even though the RegTech service itself isn’t regulated).
Attendees raised the observed lack of ambition from the RegTech market for the growing crypto assets space. Even with a high number of cryptoassets remaining unregulated, attendees reflected on the lack of RegTech involvement and products to service this growing area.
Some attendees raised the point that regulated FinTechs occasionally provide RegTech services and are able to gain business at a faster pace due to their regulated status and the automatic trust that this gives b2b buyers (even though the RegTech service itself isn’t regulated).
.jpg)
What's in pipeline
Attendees raised the observed lack of ambition from the RegTech market for the growing crypto assets space. Even with a high number of cryptoassets remaining unregulated, attendees reflected on the lack of RegTech involvement and products to service this growing area. Even in the AML/Fin Crime space, new organisations have spun up, but with a limited RegTech presence.
Some attendees raised the point that regulated FinTechs occasionally provide RegTech services and are able to gain business at a faster pace due to their regulated status and the automatic trust that this gives B2B buyers (even though the RegTech service itself isn’t regulated). There were no conclusions on how this could be addressed, but the ‘RegTech-Washing'.
