Looming Regulations Will Drive Regtech Adoption in 2017

With an increase in regulation requiring automated processes and accurate data, adoption of so-called regtech tools is likely to snowball, participants say.

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UK regulator the Financial Conduct Authority has been active in fulfilling the edict of the UK government to foster the nascent regtech ecosystem. But regtech is also earning regulatory endorsement in the rest of the world, such as Asia Pacific, says Todd Moyer, executive vice president of global business development at Pittsburgh, Pa-based data management technology provider Confluence.

"The Hong Kong Monetary Authority made some statements that it sees major opportunities for technology to he