Infographic - European Regtechs
European banks are operating in a very complex, fast-changing and highly regulated environment and are faced with many challenges. Since 2015 no less than 18 new directives or regulations have been announced for implementation between 2016 and 2020.
Regtechs – a combination of Regulation and Technology used to describe the application of new technologies to the world of regulation and compliance – has emerged as a sub-sector of the technology industry in the last three years. This sector will gradually represent the ideal partner for banks to both meet regulatory requirements and achieve compliance with cost reduction targets by leveraging on the full potential of these new technologies.
The purpose of this infographic is to provide an overview of the European Regtech sector: key trends, responses to the challenges of the banking sector as well as clients, technologies and coverage of regulations.