Explore the frontiers of the RegTech Universe
When it comes to the best strategy for adopting these RegTech solutions , Elias Ghanem , Head of Market Intelligence , Capgemini Financial Services explains that “ there is no one size fits all strategy for banks and other financial institutes to choose the way to adopt RegTech . They have three methods to choose from – Build ( internally in-house ), Buy ( acquire a RegTech firm ), or Collaborate .” Depending on their internal capability , time and resource availability , and the autonomy and differentiation needs for the outcome , the adoption strategy will vary from bank to bank . “ In most cases it has to be a mix of the three methods .”
However , with the recent outbreak of COVID-19 , Ghanem details that “ the tendency at corporate level during uncertain scenarios is to reduce big ticket investments . Thus , financial service firms will be keen to collaborate rather than building solutions themselves , in order to speed up the process and cut losses emerging out of managing risk and compliance .”
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Explore the frontiers of the RegTech Universe
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