Role of RegTech in Fintech Industry

In recent times, many financial institutions (FIs) have collaborated with IT-enabled Fin-tech companies in order to provide more seamless and smooth financial services to their customers. Nevertheless, these IT-enabled Fin-techs are governed by various regulators at the pan- India and international levels.

Often there’s a huge burden on the emerging Fin-techs as regards various IT-related compliance from these apex regulatory bodies. Luckily, there’s another new-fangled domain to ease the overall IT and data compliance requirements, i.e., Regulatory Technology or RegTech.