Do You Know About RegTech Start-ups?

Editor

26th Oct'20
Do You Know About RegTech Start-ups? | OpenGrowth

What is RegTech?

It refers to any technology that ensures companies comply with their regulatory requirements. An increasingly complex regulatory environment has led to an increase in compliance costs. Regulators have also issued heavy fines for non-compliance

Regulatory technology, popularly known as RegTech, is currently a buzzword in the global financial and compliance community. RegTech uses many cutting-edge technologies such as artificial intelligence, big data, cloud computing, machine learning, to name a few, which ensure companies are more effective in reaching regulatory compliance. RegTech has helped to minimize the risk of human error by automating the processes.

Regtech is a community of tech companies that solve challenges arising from a technology-driven economy through automation.

 

Is RegTech and FinTech same?

RegTech is believed to be exclusively the consequence of the financial crisis of 2008 and the regulatory tsunami it caused. In another version, RegTech is only an add-on to FinTech and the associated demand for the digital processing of regulations. As Forbes writes in an article, the FinTech revolution has produced numerous innovations that have led to strong demand for RegTech solutions. Many FinTech innovations require the enhanced personalization in payment integration of digital regulations into their solutions to enable them to work efficiently.

 

RegTech

 

Read below about both, RegTech and FinTech:

Fintech and Regtech in a nutshell:

Regulatory and technological developments are changing the nature of financial markets, Click here.

Regtech vs Fintech:

the point does regulation intersect with disruption and can Technology help in addressing these expected and unexpected changes? Click here.

 

RegTech Start-ups

Regulation is one of several services that have recently been given the ‘tech’ affix. While the definition of RegTech means different things to different people, RegTech has certainly received a lot of attention with increasing regulatory complexity and rising regulatory costs.

Be it the boom in the start-up ecosystem or push from the government to go digital or the increasing presence of international IT companies, all of this has led to the rising need for RegTech worldwide. RegTech or Regulatory Technology refers to the digitally enabled management of filings, compliances as well as monitoring of policies. While there have been speculations around the world about RegTech being the new Fintech, the truth lies in the fact that the growth of the latter just brings about the need for the former.

 

Know about some of the RegTech Start-ups:

5 Top Regtech start-ups impacting the financial industry:

Depending on your specific needs, your top picks might look entirely different, Click here.

Top 10 Regtech start-ups in Europe:

To keep up with this rapidly growing community, we look today at ten of Europe’s most successful regtech startups. Click here
 

We, at OpenGrowth, are constantly looking for trending start-ups in the ecosystem. If you want to know any further information about the startup ecosystem or finTech, then do let us know in the comment section below.

 

Contributor: Amrita Sinha

Amrita is in the field of media. She has a deep inclination towards writing and public speaking. She has the aim of removing the stereotypical mindset of society. She loves to read and photography is her passion.

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect to us.

Comments

Blank User| OpenGrowth

triciairvy@gmail.com

15th Jan'24 03:15:33 PM

HOW YOU CAN GET YOUR LOST CRYPTO BACK FROM SCAMMERS: Hello, I wilI highly recommend the services of hackersteve911 to anyone who wishes to recover their lost money either bitcoin or other cryptocurrencies from these online scammers, wallet hackers, or if you ever sent bitcoins to the wrong wallet address. I was able to recover my lost bitcoins from online swindlers in less than 24 hours after contacting them. They are the best professional hackers out there and I’m truly thankful for their help in recovering all I lost. If you need their service too, here is their contact information: hackersteve911@gmail.com

Blank User| OpenGrowth

carlsongeorges01@gmail.com

5th Jan'24 04:33:52 PM

The sinking feeling in my stomach was unlike anything I'd ever experienced. My fingers hovered over the keyboard, paralyzed by disbelief. The words on the screen screamed like a digital siren: "Wallet Error. Funds Unavailable." At that moment, my entire crypto portfolio, years of careful investment, and meticulous trading, evaporated into thin air. Once a symbol of financial freedom, Bitcoin had turned into a harsh warning about the harsh realities of the digital world. Your wealth may disappear like a ghost in the blockchain with just one lost private key or forgotten password. A ray of hope appeared amid the debris, Daniel Meuli Web Recovery, just as despair was about to submerge me. Drawn by whispers of digital salvation, I ventured into the uncharted territory of crypto recovery. Daniel Meuli Web Recovery, with its promise of Bitcoin resurrection, felt like a lifeline thrown across a churning sea. But skepticism, a hardened shell forged in the fires of disappointment, held me back. Could this be real? Was this just another mirage in the desert of despair? With a deep breath and a heavy heart, I embarked on the arduous journey of recovery. The Daniel Meuli Web Recovery interface, surprisingly user-friendly, guided me through the process with a gentle firmness. Each step, from data analysis to algorithm selection, felt like a tentative bridge being built across the chasm of loss. Weeks stretched into days, each one a torturous test of patience. Then there was a light flicker. "Potential Recovery Identified" flashed on my screen, a beacon in the digital night. The report was a comprehensive map that would guide me back to my lost treasure, and it made my heart pound against my ribs. With trembling hands, I followed the instructions, each click a prayer whispered into the void. And then, the miracle. My wallet. My Bitcoin. Alive and well, nestled within the secure confines of Daniel Meuli Web Recovery's digital vault. Tears welled up in my eyes, not just from relief, but from gratitude. Daniel Meuli Web Recovery had not just retrieved my Bitcoin; it had retrieved a piece of my faith in the digital world. It has shown me that even in the darkest depths of the cyber abyss, hope can still flicker, and sometimes, it can even bloom into a second chance. There is Daniel Meuli Web Recovery and within its algorithms and interfaces lies the potential to turn despair into triumph, and loss into a second chance. Contact Daniel Meuli web recovery via: D.A.N.I.E.L.M.E.U.I.L.W.E.B.R.E.C.O.V.E.R.Y.@.E.M.A.I.L.C.O.M.E

Blank User| OpenGrowth

michaelhartnett79@gmail.com

5th Jan'24 07:15:09 AM

As dreadful as it may seem, I can confidently tell you that it is 100% possible for a hacker to fix your credit. The joy I feel cannot be quantified. It feels like I have no worries in the world anymore since I hired H A C K M A V E N S CREDIT SPECIALIST. They permanently fixed my credit from 412 to 785 excellent score and wiped my bankruptcy, repossessions, and debt over $43,560 within 5-days. I read about them here and decided to give them a try via EMAIL: H A C K M A V E N S 5 @ G M A I L. C O M or Call/Text/WhatsApp: [+ 1 (2 0 9) 4 1 7 – 1 9 5 7], they've provided a wide range of services to those with poor/bad credit. How best can I show my gratitude than to do a 5-star review for what H A C K M A V E N S has done? Hit them up today and get yours done.

Blank User| OpenGrowth

davidcorey32@gmail.com

26th Dec'23 10:29:49 AM

CONSULT AN EXPERT TO RECOVER YOUR LOST BTC- HACKER RODNEY RECOVERY Using the newest technologies is essential to staying ahead in the ever changing world of digital currency. Hacker Rodney Recovery is aware of this and uses state-of-the-art equipment and software to facilitate their recovery attempts. They make use of a variety of resources, such as data mining tools, blockchain explorers, and transaction analysis software, to increase the likelihood of success. Hacker Rodney Recovery presents itself as a pioneer in the bitcoin recovery services industry with its tech-savvy approach. While it may seem impossible, Hacker Rodney Recovery is an expert at recovering bitcoins that have been misplaced or stolen. They commence their approach by collecting all relevant data on the lost bitcoins and doing a comprehensive scenario assessment. Then, using their knowledge of blockchain technology and cryptocurrency forensics, they take a methodical approach to find and track down the lost money. Hacker Rodney Recovery works to return your bitcoins to your digital wallet by utilizing a combination of cutting-edge tools and painstaking research. Hacker Rodney Recovery doesn't merely rely on conjecture or chance. They trace the flow of money and look for trends in blockchain transactions by analyzing them using sophisticated forensic techniques. They can find important information this way that may help recover missing bitcoins. Their staff of professionals is skilled at tracking transactions and utilizing blockchain data, which allows them to deftly negotiate the convoluted world of cryptocurrencies. When it comes to bitcoin recovery, security and confidentiality are paramount. Hacker Rodney Recovery recognizes the sensitivity of these matters and ensures that your personal information and recovery details remain strictly confidential. (Email hackerrodney72@ proton.me) for more information. Email: hackerrodney72@ proton.me WhatsApp: +44 (7446) 46-3457 Thank you.

Blank User| OpenGrowth

davidcorey32@gmail.com

26th Dec'23 10:29:27 AM

CONSULT AN EXPERT TO RECOVER YOUR LOST BTC- HACKER RODNEY RECOVERY Using the newest technologies is essential to staying ahead in the ever changing world of digital currency. Hacker Rodney Recovery is aware of this and uses state-of-the-art equipment and software to facilitate their recovery attempts. They make use of a variety of resources, such as data mining tools, blockchain explorers, and transaction analysis software, to increase the likelihood of success. Hacker Rodney Recovery presents itself as a pioneer in the bitcoin recovery services industry with its tech-savvy approach. While it may seem impossible, Hacker Rodney Recovery is an expert at recovering bitcoins that have been misplaced or stolen. They commence their approach by collecting all relevant data on the lost bitcoins and doing a comprehensive scenario assessment. Then, using their knowledge of blockchain technology and cryptocurrency forensics, they take a methodical approach to find and track down the lost money. Hacker Rodney Recovery works to return your bitcoins to your digital wallet by utilizing a combination of cutting-edge tools and painstaking research. Hacker Rodney Recovery doesn't merely rely on conjecture or chance. They trace the flow of money and look for trends in blockchain transactions by analyzing them using sophisticated forensic techniques. They can find important information this way that may help recover missing bitcoins. Their staff of professionals is skilled at tracking transactions and utilizing blockchain data, which allows them to deftly negotiate the convoluted world of cryptocurrencies. When it comes to bitcoin recovery, security and confidentiality are paramount. Hacker Rodney Recovery recognizes the sensitivity of these matters and ensures that your personal information and recovery details remain strictly confidential. (Email hackerrodney72@ proton.me) for more information. Email: hackerrodney72@ proton.me WhatsApp: +44 (7446) 46-3457 Thank you.

Blank User| OpenGrowth

donaldsteve26@gmail.com

23rd Dec'23 04:04:34 PM

HOW YOU CAN RECOVER YOUR STOLEN FUNDS NOW I was scammed over ( $275,000 ) by someone I met online on a fake investment project. I started searching for help legally to recover my money, and I came across a lot of Testimonies about HACKER STEVE. I contacted him, providing the necessary information and it took him and his team of experts about 36 hours to locate and help recover my stolen funds. I am so relieved and the best part was, the scammer was located and arrested by local authorities in his region. I hope this helps as many out there who are victims. I strongly recommend Steve professional services for assistance with swift and efficient recovery. You can reach him for any form of recovery (Crypto, Credit card, Gift card, Forex, NFT, etc) on Gmail: Hackersteve911@gmail.com