Banks need to outsource to reach compliance, according to RegTech panel
Banks must continue outsourcing to keep up with technology and regulation, according to a panel at the Global RegTech Summit 2018.
RegTech’s benefits are endless, even for non-regulated markets
RegTech brings endless possibilities and can benefit non-regulated markets; however, regulators need more resources to help the burgeoning market grow, according to Kristoff Zammit Ciantar, CEO of Aqubix.
Corporate venture can act as a ‘poison pill’ to RegTechs
Picking up an investment from a corporate venture firm creates a ‘poison pill’ for RegTech startups, according to a panel at the Global RegTech Summit 2018.
Regulations are taking resources away from Cybersecurity
Regulations are sapping resources and distracting financial institutions away from their cyber defences according to panellists at the Global RegTech Summit 2018.
Investing into data processes is the next step for GDPR compliance
Now GDPR has launched, companies should be investing in technology to support their data, according to a panel at the Global RegTech Summit 2018...
More regulatory expertise is needed to help RegTech flourish
Regulations are taking the focus from the organisation to the customer; however, more regulatory expertise and know-how is needed to help the RegTech sector flourish, according to Dr. Ashima Chopra, an independent FinTech Consultant.
Banks need to be prepared to fail to keep up with change
Banks need to take more risks and be prepared to implement something that might fail, according to a panel at the Global RegTech Summit 2018.
RegTech adoption should not be pinned solely on regulators
The adoption of RegTech should not be pinned solely on regulators, more funding is needed from policymakers and legislators, according to panellists at the Global RegTech Summit 2018.
Just having new technology is not enough to receive funding
A RegTech company needs to go beyond the buzz of a new technology and has to really help financial institutions, according to a panel at the Global RegTech Summit 2018.
Why banks should fear competition from Amazon & Google rather than FinTechs
Threat of competition is one of the biggest challenges arising from Openbanking; however, banks should fear internet giants rather than FinTechs, according to a panel at the Global RegTech Summit 2018.
