With a new batch comes a new focus of attention for F10: RegTech is one of the trends that rises in 2017. As levels of regulations are increasing and the focus remains on data analytics for reporting, firms acknowledge the value for investing in new RegTech solutions.
For corporate partners of F10 it is important to remain transparent and to understand potential risks in compliance. RegTech solutions will thus be part of the second batch of the P2 Program starting in July 2017.RegTech is especially addressing the gap between software and non-software enabled services and therefore startups offering RegTech solutions usually share four key characteristics:
Solutions addressing RegTech often tend to be cloud based and are maintained, managed and backed-up remotely. They also share four key benefits:
What makes RegTech so relevant is its use of real-time data, involving social media and biometrics, for a tailored solution for a firm’s risk assessment. RegTech could be thus truly disruptive in the field of compliance in which outdated processes of regulation are still commonly used.For F10, including RegTech startups into their next batch means acknowledging the potential of RegTech. As the little brother of flourishing FinTech, RegTech could be his enabler.