The Road to Regtech 3.0

With regional banking authorities supporting fintech accelerator events, the "regtech" movement is gathering steam.

digital-scales

Douglas W. Arner, Janos Barberis and Ross P. Buckley—all senior academics at universities in Hong Kong and Australia—say their paper, Fintech, Regtech and the Reconceptualization of Financial Regulation, seeks to "expose the inadequacy and lack of ambition of simply digitizing analog processes in a digital financial world."

According to the authors, "The development of fintech, the rapid developments in emerging markets and the recent proactive stance of regulators in developing regulatory

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