RegTech can bring benefits to a range of sectors outside of financial services; however, regulators could do more to raise awareness for the burgeoning space, according to Jeff Heine, chief revenue officer at Ascent Technologies.
Open banking is enabling financial institutions to scale quickly and at low-cost; however, they have to the right ‘DNA’ for it to work, according InnoCells CEO Julio Martínez.
Electronic IDentification joins EIT to boost their businesses in the European market.
There is no perfect solution and approach to regulating the cryptocurrencies market; however, Japan is setting a strong example to the world according to two executives.
The AML5 Directive is the new European regulation for Anti-Money Laundering and counter Terrorism Financing purposes that came into force on 9 July 2018.
Artificial intelligence and machine learning are changing the regulatory landscape and fueling the rise of RegTech. However, there dependence on data is often overlooked according to a new white paper by RDC.
RegTech is about bringing clarity to compliance but there is a lack of transparency between the sector and regulators, according to kompany founder & CEO Russell E. Perry.
GDPR and MiFID II can create a tension between retention and protection requirements around communications with clients and customers.
Audio recording is commonplace for financial institutions (FIs). This is because well established regulations concerning recording, handling, and retention have been in place for some time.
Technological solutions to verify the identity of natural persons by taking pictures of IDs or passports and recording a few frames or user’s face do not comply with the legal regulations