“When we say the RegTech market is exploding, we’re not exaggerating. By 2023, revenues are expected to be worth a whopping $12.3 billion, growing at a compound annual growth rate of 25.4% over the next five years.
With this unprecedented growth, comes a land grab with new players racing towards their share of the action in the highly regulated markets of North America, Europe, Asia & Australia. The growth of this industry is built on the back of solving big problems for banks and financial services institutions, who are facing an overwhelming volume of complex regulatory change and over 2,500 compliance rule books globally.”
Source: Gungho Marketing