This article was published at the end of May 2018,
Post# of 1861
Background on Regtech definition:
"..Origin. At a governmental level, the FCA was the first governmental body to establish and promote the term RegTech, defining this as: "RegTech is a sub-set of FinTech that focuses on technologies that may facilitate the delivery of regulatory requirements more efficiently and effectively than existing capabilities".
GDPR RegTech solution providers saw a spike in funding leading up to the May deadline
Over $4.8bn has been invested in RegTech companies globally since 2012, with 47.7% of this going to companies addressing AML and KYC.
The dominance of these two regulations is understandable, given the increasingly complex requirements placed and heavy fines imposed for inadequate compliance by regulatory authorities.
More than a quarter ($1.2bn) of the total capital raised by RegTech companies globally has been invested in GDPR and MiFID II solution providers. MiFID II has been one of the most significant pieces of legislation to impact financial markets in recent times and, consequently, companies addressing the regulatory framework are heavily backed by RegTech investors.
Almost $640m has been invested in companies addressing GDPR with nearly a third of this invested in the last three quarters, in the run up to the GDPR implementation deadline.