RegPac Revolution has partnered with encognize G.K. to support and accelerate the innovation and adoption of RegTech in Southeast Asia and Japan.
The new collaboration will aim to run an exchange visit between Singapore and Japan to introduce RegTech companies into their respective countries and assist them with their go-to-market strategy
Other objectives of the partnership include, co-creating guidelines so solutions can be tailored to the needs of the local market, liaise with governments and regulators for trade missions and road shows, run events, seminars and workshops, and facilitate cross-border knowledge exchange.
Both companies have also launched the RegTech Academy, which will educate the Financial Services Industry on the importance of RegTech and its most recent trends. The RegTech Foundation Course aims at providing the basic understanding on Regulatory Technologies, from scope of applications to underlying technologies to concrete use cases and common adoption challenges.
Bruno Abrioux-Takano, founder and CEO of encognize, commented: “Facing an increased regulatory pressure at home and abroad, most of the Japanese Financial Institutions understand the urgent need to gain efficiency in their risk and compliance functions while keeping related costs under control.
“However, from what I could assess so far, very few have a clear view on how digital technologies can help them achieve this goal. This is surely one of the reasons why RegTech has recently been gaining momentum here. But, even though the concept of Regulatory Technology is probably clear to the majority of Financial Institutions, innovation and adoption remain to be pushed further.
Headquarted in Singapore, RegPac is an end to end global regulation technology (RegTech) ecosystem builder and knowledge sharing platform.
Earlier this year, RegTech 100 company NetGuardians bolstered its presence in Asia by establishing a new headquarters in Singapore. The Swiss company, which provides anti-fraud and risk mitigation solutions, has chosen Singapore for its permanent APAC headquarters as it looks to help the regions’ banks fight fraud.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
