Top regtech news daily 2020 from 30th December 2019 to 5th January 2020 curated by the VisibleBanking.com team with the help of our fintech community.
In this series, we aim to curate only the very best, most insightful regtech news from all over the world.
We also invite you to check out our other series covering some of the most insightful and relevant fintech insights, new or slightly older, shared recently on twitter by trusted fintech influencers.
Fintech News Daily: Contribute!
We invite you to help us by submitting any article (in English) you believe is highly relevant and/or voting for your favourite article. Last but not least, please share your comments on any of those articles via the straight forward comment section available on every entry.
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Regtech News Daily 2020: Week #1
This week our Visible Banking team curated over 100 articles on the topics mentioned above.
You will find our shortlist below.
"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."
"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
"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."
"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
"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."