Compliance has always presented a set of thorny challenges for banks, and at this point there's no going back to simpler times. Enter "regtech," a subset of fintech that aims to handle how regulations are met and requirements satisfied. But there is more: So far as customers are concerned, regtech helps financial institutions to become more transparent and trustworthy.
Shiran Weitzman, CEO and co-founder of Shield FC, talks about the digital developments that have led us to this point, and how banks can harness all regtech has to offer to move themselves forward.
Nominations are now open for the 2019 BAI Global Innovation Awards.
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