CORPORATE FINANCE - REGTECH
TOP THREE TRENDS IN THE REGTECH INDUSTRY
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Investments to increase : During Q1-Q3 2019 , RegTech reported 103 % YoY growth . 2020 will most likely witness the same momentum as corporate data breaches , consumer privacy concerns , and a wave of new GDPR-like regulations will create demand for technology tools that help enterprises meet compliance challenges .
Scaleups to lead : 2020 is expected to witness the RegTech companies move out of the innovation phase and focus on industrialisation of concepts .
With banks struggling with lower profitability and high cost pressures , scaleups in the RegTech industry are expected to witness higher traction .
AI at the forefront : Use of specialised , emerging and advanced technologies , such as AI , robotics process automation , and data analytics is poised to gain more traction .
Elias Ghanem , Head of Market Intelligence , Capgemini Financial Services
OCTOBER 2020