Stifled by legacy infrastructure and bureaucratic processes, firms are turning to regtech solutions that leverage software & automation to close compliance gaps and address other regulatory challenges.
Regtech startups are saving firms billions in regulatory fines and displacing manual risk and compliance with cutting-edge technology.
Regtech deals have hit 100+ for four consecutive years, and are on pace to reach a new high.
Robert Rubin, former US Treasury Secretary, spoke at Future of Fintech about US financial stability, the new administration, and jobs and automation.
Regtech deals slipped in Q1’17 to 27 deals worth approximately $205M and are projected to drop further behind 2016’s totals.