When RegTech meets FinTech: the day after tomorrow - How technology disruption intersects with regulation in securities
Financial services can be considered as one of the most complex and regulated activities on the planet. While FinTech initiatives are reducing parts of the complexity and stimulating change, there is a long-standing view that increasing regulation will hinder innovation and slow down the process. Nevertheless, with increasing data and reporting requirements, a new willingness to combine regulation with technology seems to provide the industry with a different view. In such context, can RegTech solutions be a better answer to meet regulatory and reporting requirements? Do FinTech companies need to extend their reach to disrupt regulation? Or ultimately, is RegTech the new FinTech?