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Trends in RegTech: What innovators have to say

By Alex Ford | Wed 25 October, 2023
A young femal busiess professional works at a tablet while standing up. Blurred in the background her colleagues are discussing.

The RegTech sector is growing rapidly and shows little signs of slowing down.

Research predicts that the RegTech market will reach a staggering US$28.33 billion in just four years, up from just US$5.46 billion in 2019. Tellingly, RegTech is expected to account for 50% of global compliance budgets by 2026.

Regulatory pressure is the catalyst fueling this rapid rise. Organizations have had to look for more innovative and efficient ways to meet their regulatory compliance obligations, and have turned to RegTech for the answers.

To examine the role new technology is playing in driving operational efficiencies and demonstration of regulatory compliance, Encompass asked several experts at the forefront of innovation to share on:

  • Why RegTech is relevant now
  • Where the industry is heading
  • Significant RegTech use cases
  • Key lessons for financial service organizations

Read the full article

 
Author: Alex Ford

Alex drives business growth in North America, working with customers, partners and the Encompass team to transform KYC with automation in financial institutions and other regulated entities. Joining in 2012, Alex has held Executive responsibility for business functions including Customer Success, Operations, Marketing, Product and Delivery. From 2015 to 2020 Alex was based in Glasgow with the launch and expansion of the UK operation, before taking up leadership of the North America business.

LinkedIn Profile | Alex Ford

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