RegTech Rising: Compliance as a Service

by John Dwyer, February 22, 2016
Industry Trends
Global, EMEA

Abstract

Fintech and RegTech

The regulatory burden facing financial institutions continues to grow and presents significant challenges to incumbent financial institutions and regulators, both of whom need to leverage technology to automate the regulatory process as much as possible.

From the vantage point of capital markets Fintech, RegTech will be a key theme due to a number of key traits of the capital markets, including: leverage; opacity; enormous size; speed; and systemic risk.

"There is growing recognition that the regulatory process would benefit from improved use of data and analytics in order to permit improved macroprudential and microprudential risk management. To that end, strong regulatory support for RegTech has already emerged, in particular from the Financial Conduct Authority, which has made innovation and adoption of RegTech a clear policy objective," says John Dwyer, a senior analyst at Celent and author of the report.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

RegTech Vs. Fintech

2

 

RegTech — Celent’s #1 Fintech Theme

2

 

Capital Markets a Key Focus

2

 

Financial Conduct Authority Promote RegTech

2

 

Early Emerging Themes in RegTech

3

 

Call for Regulatory Input

3

 

Key Implications for RegTech Ecosystem

3

 

The Key Ingredients for an Effective RegTech Solution

4

 

The Future

4

3D Fintech Challenge

5

 

Benefits for the Finalists

5

 

Celent’s Role

5

 

The 3D Fintech Challenge Finalists

5

 

Key Implications for Structuring Accelerator Programs

6

Profiles of the Finalists

7

 

AlgoDynamix

7

 

Athena Portfolio Solution

8

 

CheckRecipient

9

 

PassFort

10

 

Percentile

11

 

Quarule

12

Leveraging Celent’s Expertise

14

 

Support for Financial Institutions

14

 

Support for Vendors

14

Related Celent Research

15

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