Why North American banks need RegTech solutions
RegTechs make up a broad category of compliance-related financial technologies. For banking, a highly regulated industry, RegTechs have become a central feature in digital transformation efforts.
Bank compliance teams value the speed, accuracy and control that RegTech digitization provides. Banking executives, meanwhile, enjoy the efficiency and scalability that is delivered as a result. But many believe that RegTechs have yet to reach their full potential.
To discuss why banks need RegTech solutions, Encompass interviewed Jo Ann Barefoot (CEO & co-founder, Alliance for Innovative Regulation) and Alex Ford (President, North America, Encompass) to review the state of the RegTech-bank relationship, and the challenges and opportunities that remain ahead.
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.
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