Top regtech news daily 2020 from 6th to 12th 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.
Regtech 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.
We curate your submission, so please no self-promotion or vendor success stories here. Alternatively, feel free to enquire for our sponsoring opportunities.
Regtech News Daily 2020: Week #2
This week our Visible Banking team curated over 150 articles on the topics mentioned above.
You will find our shortlist below.
"The inventions and innovations in the world of finance make it increasingly difficult for institutions to manually maintain the pace. With the level of its impact so far, it is safe to assume that RegTech owns the future of the financial industry. "
Source: Fintech Finance
"Take for example DBS’s new banking service which enables their wealth clients to interact with DBS relationship managers through Whatsapp and WeChat. Developed in partnership with regtech startup FinChat, it is anticipated to save DBS 10,000 man-hours and speedier delivery to clients while meeting rigorous regulatory requirements."
Source: Fintech News Singapore
"Since 2015, the Australian Securities and Investments Commission (ASIC) has met with 514 finance technology (fintech) and regulatory technology (regtech) startups through its Innovation Hub, with 486 receiving further "assistance" facilitated by the watchdog."
"Compliance can be costly, and crypto exchanges are learning the hard way. There is no doubt that crypto is still in its relative infancy but it has certainly come a long way in its 10 year existence. What was once seen as the “Wild West” of finance is now becoming an industry that is heavily bogged down by efforts to comply with regulations."
Source: Market Rebellion