Industry Experts Define "Regtech"
Mounting regulations have given rise to a what some say is a new business sector: regtech.
The term "regtech" was coined to describe the rise of technology specifically designed to meet regulatory mandates around the world. For some, regtech is the new finch, but there is some doubt about what regtech represents among vendors and market participants.
The phrase was probably coined to sound like fintech, Rory McLaren, senior vice president for regulatory services at Deutsche Börse, tells WatersTechnology. "There are a number of relevant solutions and companies out there but I think it is also a bit of a buzzword. Nowadays, if you call your company a regtech, suddenly it's worth twice as much in the market," he says. On the other hand, according...
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