RegTech

Regulatory technologies are dealing with an increasing problem that requires a quick solution. Especially financial companies are increasingly subject to new regulations, whereas the implementation of such regulations requires a lot of time, effort and costs. RegTechs should reduce the burden - be it financial or temporal. The technologies are used to ensure adequate solutions and implementation. This saves worries and financial resources, as well as time losses. The technologies make it possible to enforce regulatory measures without errors, which is increasingly difficult with an rising number of imposed regulations and measures. The only problem here is probably a non-unified banking landscape, which makes it impossible to implement all measures in a standardized manner.