Regtech News Daily 2020: Week #1

"Since 2016, the Singaporean government was proactively dedicated to utilize FinTech developments to enhance its regulatory capacity: The Monetary Authority of Singapore (MAS) is in the process of merging money exchange and remittance systems law into one legislation, which would enable the comprehensive regulation of old and new payments services. At the time of writing they have further advanced with these initiatives."

Source: Richtopia

"The RegTech Association has published research revealing that despite growing demand for regulatory technology, an “equity gap” is hindering mainstream adoption."

Source: MortgageBusiness

"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

"The global RegTech market revenue is estimated to be $2,321.5 million in 2018 and is expected to reach $7,207.6 million by 2023, growing at a CAGR of 25.4% during the forecast period 2018–2023."

Source: Communal News

"RegTech (Regulatory Technology) is more than a buzzword, it is a very real movement that is already having an impact on regulatory compliance. Discover our RegTech Universe, where we are compiling a list of RegTech companies along with the technologies and solutions they are offering."

Source: Deloitte

"The RegTech Top 100 list gets calculated and updated each week. It is free to join for all qualifying RegTechs and each participating company gets analysed based on our methodology that considers a number of factors including but not limited to the value of the proposition, ease of implementation, company setup, team, funding, and communication."

Source: Planet Compliance

Predictions for 2020: "1. Ransomware will get worse, and local governments will feel the heat, 2. California’s privacy law will take effect — but its repercussions won’t be immediately known..."

Source: Techcrunch

Predictions for cybersecurity in 2020 and beyond: "1. Cybersecurity with cloud-based central management, 2.Automation rules..."

Source: CPO Magazine

"These startups operate in cybersecurity and associated fields including information privacy, cyber threat intelligence, and email/ mobile/ cloud/ network/ Internet-of-Things (IoT) security."

Source: Fintech News Singapore

"A Bitdefender survey of more than 6,000 infosec professionals in large organisations across the US, EMEA and APAC shows that while some chief information security officers (CISOs) rate their cybersecurity as ‘good’, a continued lack of budget, talent and training means that there is still significant scope for improvement."

Source: bitdefender