Waters Wrap: Regtech hype evolves—for better and worse
As fines levied by the FCA and SEC rise, so too has spending on 'regtech.' But Anthony warns that for the regtech space to evolve further in the future, it must first initiate changes to its ecosystem.
As best as I can tell—meaning the results of my Google search—the term “regtech” was coined by the UK Financial Conduct Authority (FCA) in 2015. The not-so-clever portmanteau was defined as “a subset of fintech that focuses on technologies that may facilitate the delivery of regulatory requirements more efficiently and effectively than existing capabilities.”
Obviously, these types of tools had existed long before the advent of the word, but regulatory technology can be thought of as important
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