As Part 6 will show, the scope of business use cases of RegTech start-ups is diverse. Regulatory pressures have increased sharply in the wake of the financial crisis, giving RegTech a variety of applications in financial services.
New EU regulations aimed at preventing money laundering and terrorist financing provide considerable opportunities. The first chapter discusses how, as regulations increase the stringency of compliance obligations for both firms and regulators, RegTech can have an immediate impact in CDD, going further than existing manual processes to general holistic customer risk profiles. RegTech solutions such as in-depth reviews of data to identify customer's behavioral patterns will allow banks and financial services firms to go beyond a ‘tick-box' approach to anti-money laundering, enhancing their ability to identify risks early and contributing to client relations.
The second chapter discusses current challenges related to ‘passporting' in the EU and the opportunities this presents for RegTech. While investments firms in the EU authorized by their home states to provide investment services are able to offer their products to clients in other member states, European governments impose often ambiguous local regulations. Amidst the lack of uniformity and confusion, RegTech can facilitate supervisory cooperation between ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month, and much more.
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
