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Insight
Title:
'Regtech' could help financial services providers streamline the costs of regulatory compliance
Description:

Regulatory compliance is one of financial services costliest and most troublesome activities. The FCA appears to be very supportive of using technology, including AI, to improve compliance in the sector, and has established an innovation hub with specific focus on regtech, which held two hackathons in 2016.

However, Regtech is still the "sleeping giant" of the financial services world, according to FCA director of innovation Nick Cook. Source: FCA: RegTech still 'sleeping giant' of financial services published 07/11/2019

PESTEL:
Technological
Five Forces:
Bargaining power of suppliers

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