Regtech is booming! And not without reason.
The Dutch Banking Association estimates that more than €1 billion is spent annually on regulatory compliance and that 8,000 bank employees work daily to prevent financial crime. For reference, that is more than twice the number of police officers in the Netherlands. The high-profile mega fines in the news have made regulatory compliance more topical than ever.
In the report ‘Regulatory Technology on the Rise‘ Hyarchis talks about the five most important trends within this fast growing fintech domain.