Whilst the Financial Conduct Authority in the UK states that “RegTech applies to new technologies developed to help overcome regulatory challenges in financial services”, at Aspida we see utilising RegTech as wider to provide substantially more benefits to businesses.
It is obvious to most that knowing your stakeholders is key to success, but how many regulated financial services businesses consider a key external stakeholder to be regulators?
At first it was Health & Safety officers that were tagged the “business prevention team” then it was Compliance Officers. However, today it seems to be the corporate Governance team that has inherited that particularly unwelcome moniker.
