Investment accelerates in RegTech solutions in North America

With the regulatory landscape evolving at pace, and firms in regulated industries increasingly looking for more efficient and effective methods of compliance in response, interest in RegTech solutions – and in the North American market – has never been greater.

Matching this growing interest has been the investment in the sector, with the region attracting 69% of global RegTech investment over the last two years.

Why has there been such a change during this time, when compared to previous years? The COVID-19 pandemic forced financial institutions to view compliance differently. Consequently, greater emphasis was placed on accelerating digital transformation initiatives, with implementing innovative technology solutions being pushed up the agenda for many.

There is no denying that economic conditions also had an impact. As we saw a worldwide investment boom, with cheaper access to capital and a well-organized ecosystem connecting start-ups with investment dollars, RegTechs experienced an uptick in funding overall, with more rounds reported.

A new whitepaper, authored by Alex Ford (President, North America, Encompass), zones in on the growth of RegTech in North America, considering its progress and benefits as organizations continue to future-proof their compliance processes.

Featuring analysis from Boston Consulting Group’s FinTech Control Tower, key areas examined include:

• Market drivers and the changing regulatory backdrop
• Global investment trends and how North America compares
• The RegTech ecosystem and opportunities for growth