WHAT IS REGTECH?
By definition, RegTech is the adoption of the latest technologies to facilitate compliance with the increasingly demanding and changing regulatory requirements. As a consequence, RegTech combines two very different areas: Regulation and Technology.
In addition, RegTech involves dealing with Anti-Money Laundering and Countering the Financing of (AML/CFT), FATCA or CRS, as well as the new European Payments Directive (PSD2) and the new Regulation of Data Protection (GDPR).
RegTech also consists of other significant areas of expertise, such as Big Data and Advanced Data Analytics, Artificial Intelligence and Machine Learning or Biometrics and Blockchain.
In short, RegTech is the Digital Transformation brought to the world of Regulation.
REGTECH ADVANTAGES
Agility
Through the use of disruptive technologies, RegTech provides flexibility and adaptability to the constant regulatory changes.
Speed
RegTech Solutions provide a high degree of parameterization , modularity and scalability which translates to the perfect Adaptation to any business without long and expensive customization processes .
Integration
The ease of integration of the RegTech Solutions shortens implementation times and derived costs. The use of Cloud technologies also allows their arrival to companies of all the sizes .
Analysis
The RegTech Solutions, focused on extracting the maximum value from the data, through Advanced Data Analytics, generate knowledge from data that can be used by different levels of the organization .
OUR REGTECH SOLUTIONS ...
Digital Onboarding
Screening-Search in Lists
Know Your Customer (KYC/KYDC)
FATCA AND CRS
REGTECH CONTRIBUTIONS
Always updated according to current Regulations
Simplification of Compliance processes
End-To-End Automation
Modular and Scalable Systems
Agile and Fast Reporting
Data-Centered Strategy
- Reduction of Compliance Cost through the standardization and simplification of its processes.
- Sustainable and Scalable Solutions that allow growth according to the needs of Compliance.
- Convergence of Risk and Control on the same platform.
- Improvement of the User Experience with robust protection systems against fraud.
- Encourages market stability through solutions that protect the health of financial institutions.
- Improves the governance of the institutions and monitors its deviation from the ethical behaviors and transparency defined.