Regtech in the Spotlight: September Update from The Fintech Times

2024 continues to be a significant year for the regulatory technology (regtech) space, drawing attention for both positive and challenging reasons. The Fintech Times, in its September focus, dives into the pressing issues around compliance, financial rules, and the solutions that aim to ease these processes for fintech firms, promoting fairness and safety.

Regtech, the use of technology to streamline regulatory compliance, is experiencing rapid growth. The global market, valued at $12.82 billion in 2023, is projected to rise to $15.80 billion in 2024 and reach a staggering $85.92 billion by 2032.

One of the major developments on the horizon is the Digital Operational Resilience Act (DORA), set to take effect in January 2025 across the EU. This legislation will push fintechs to enhance their cybersecurity and operational resilience, though many firms are already highlighting the costly challenges of this transition.

Despite the hurdles, the cost of non-compliance is far greater. This month, The Fintech Times will explore the largest regulatory challenges, the innovations in regtech that can help, and how these solutions can create a safer, more transparent financial landscape.

By speaking with industry experts, the publication will also examine how AI is influencing regtech, the role of collaboration, supervisory technology (suptech), and what the future holds for the regulatory technology space.