Why Do We Need RegTech in Financial Services?
The future boom of the RegTech industry is upon us – but what is it and why do we need it in financial services?
RegTech is cloud-computing technology used to help companies comply with regulations. Through big data and machine-learning technology, companies are able to monitor transactions and to analayze and identify irregularities, such as fraudulent activities.
As the current situation with cryptocurrency and the rising risk of digital fraud grows, 2023 is expected to be one of the biggest years for the industry – growing in a $115 billion valuation.
Check out our infographic below to see why we need RegTech in Financial Services
Identifying the right FinTech talent is the number one challenge for startups – the RegTech sector is no different. At Storm2 our team of specialist consultants are experts in matching high-quality talent to the best institutions worldwide. Do you have a vacancy you would like to discuss? Please get in touch.