Since the global financial crisis, US banks have paid more than USD 160 billion in fines for non-compliance. Regulatory pressure is increasing, and so are the costs for being compliant. What is the best way forward for financials? This is where regtech comes in.
Being a new subsector within a larger fintech universe, regtech is about automating the gathering and reporting of information that is required by regulators. Due to the vital need that it can potentially meet, Robeco trend analyst Dijana Kostic and portfolio manager Patrick Lemmens view it as a big investment opportunity.
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A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
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