Industry M&A
Interesting news out of Germany yesterday with the announcement of the acquisition of BearingPoint’s successful RegTech business by Nordic Capital.
Interesting news out of Germany yesterday with the announcement of the acquisition of BearingPoint’s successful RegTech business by Nordic Capital.
As Hong Kong Fintech week gets underway, Eddie Yue, Hong Kong Monetary Authority’s (HKMA’s) Chief Executive, has announced a raft of new initiatives designed to take advantage of tech innovation.
Regulatory Technology, or RegTech, could help transform today’s regulatory landscape, drawing on similar advances as FinTech to improve the efficiency, utility and cost of supervision.
In a recent speech Benoît Cœuré, Head of the Bank for International Settlements (BIS) Innovation Hub, asked the listener to imagine a world where regulators have access to big data sets of high granularity, diversity, and frequency.
While FinTech is more frequently in the news, regulatory technology, or RegTech, shouldn’t be overlooked. RegTech has the potential to transform regulation and supervision, making supervisory reporting more efficient, useful and cost-effective.
Increasing digitisation has opened up many avenues for new technology to transform the world of regulation. The G20 and Bank for International Settlements (BIS) have launched the G20 TechSprint Initiative to explore ways in which technology can help solve some of the most pressing compliance and supervision challenges – challenges now compounded by the Covid-19 […]
The opportunities (and risks) presented by fintech are creating undeniable and unavoidable changes to economies worldwide – but how should regulators respond? The Expert Group on Regulatory Obstacles to Financial Innovation (ROFIEG) was set up by the European Commission in June 2018 to explore this question. Recently it published its recommendations, both identifying regulatory obstacles […]
With the volume and complexity of data gathered by regulators ever increasing, RegTech provides an opportunity to automate elements of the regulatory process, improving efficiency, speed and effectiveness. The Shanghai Stock Exchange’s (SSE’s) recently launched Company Profile System does exactly that, making full use of digital reporting’s potential to reduce the need for manual data […]
As we’ve reported here before, the financial system is currently undergoing a technological revolution that regulators must respond to. Cryptocurrencies, new payment systems (tap to pay is becoming the norm) and digital banking all need new forms of oversight. At the same time, banking supervision is a highly complex system, with regulatory submissions reaching record […]
Some ideas to make Asia a Fintech/Regtech/Suptech powerhouse, following the recent XBRL Asia Round Table meeting in Japan.