Regtech (regulation technology) has become the new hot term in the fintech industry as it aims to tackle the burdens of regulation and ease compliance for pennies on the dollar. Yet, with different regulatory environments and processes, can regtech developers create regtech that’s trusted by both the industry and the regulators? And should fintechs be subject to the same regulations as the banks, or are they operating so differently that the same regulations will only cheat consumers out of choice?
In the latest Breaking Banks podcast, Mr Snark Ron Shevlin is changing hats and sitting in the host’s chair. Fintech law expert Kevin Taylor and regulation technology expert from Citi Ruth Wandhöfer will be joining him for a discussion on how the best regtech will work.
Also, fintech leader Spiros Margaris talks about how banks should deal with legacy technology – replace or rework? Wade Arnold will also join us to talk about Banno, and the platforms that refocus banks to be customer-centric.
– This podcast is reproduced with kind permission. Some minor changes may have been made to the text to reflect BankNXT style considerations, but the podcast itself is always unchanged. You can find the original post here.