No doubt you will be wanting to hear about the latest technology that is defining and transforming the financial services industry today.
The Innovate Finance Global Summit is a great place to learn exactly this, being one of the most prestigious conferences within the financial technology industry.
This must-attend event, taking place across the City of London between 10th – 11th April, will bring together representatives from the world’s global financial institutions including start-ups, policy makers and investors, all gathered to explore the latest innovations within the financial sector.
A key focus at this year’s event will be the emergence of RegTech.
But what is RegTech and why should it matter to you?
RegTech is pretty much what is says on the tin: the use of technology to manage regulations and compliance. The use of best practice processes and the latest RegTech can also come with the benefit of improving operational cost efficiency.
According to Deloitte, RegTech technology seeks to provide nimble, configurable, easy to integrate, reliable, secure and cost-effective support to regulatory requirements [Source].
Here at Contego we believe there are 5 key ways that RegTech can improve your business:
1. Drive down the cost of your compliance by simplifying and automating due diligence checks
2. Streamline customer onboarding and enhance consumer confidence through better customer experience
3. Proactively identify risks and new emerging threats to your business
4. Help ensure you meet the ever-changing compliance requirements by providing flexible scalable solutions
5. Reduce the risk of non-compliance and protect your brand from reputational damage
As RegTech and compliance specialists, we work across industries, including FinTech and financial institutions, developing technology solutions that enable our clients to simplify their due diligence checks, streamline operations and ultimately reduce risk – associated with not meeting compliance and reporting obligations.
We check people, companies and ID documents in seconds – via a single API. Our breadth of data coverage and accuracy will enable you to make crucial data-driven decisions instantly about who you do business with.
Regulations have often been viewed as a burden to business and something that stifles innovation. However, at Contego, we believe that embracing RegTech solutions can have a transformative positive effect on your business and therefore should be seen as a competitive advantage.
As an Innovate Finance founding member, we are excited to be involved with Innovate Finance Global Summit 2017.
To discuss how RegTech can become a competitive advantage to your business, come and talk to us at the Summit in Guildhall London between the 10th – 11th April.
If you are not attending this year’s summit and want to learn more about how RegTech can reduce the cost of your compliance, automate onboarding processes and keep regulators at bay and be a competitive advantage, call us on +44 (0) 1235 375 000 or visit our website and request a demo.
