RegTech – Tecnología regulatoria

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“RegTech,” dubbed “the new FinTech,” has rapidly ascended from complete obscurity into prominence. RegTech is pretty much what it says on the tin (at the risk of sounding too simple). It is the use of new technology to enable the delivery of regulatory requirements. This wedding of technology and regulation is not new. But it is becoming more and more important as levels of regulation rise and attention to data and reporting increases.

The increase in investment in RegTech is because of companies having to deal with growing levels of regulation that have come into force in 2012. These include Know Your Customer, Anti Money Laundering, Basel III, the second Markets in Financial Instruments Directive (MiFID II), and the second Payment Services Directive (PSD2).

Oportunidades de tecnología reg

Companies are boosting their RegTech applications and systems so they can do more. They are enhancing the current tools in ways that release substantial advances in data management and automation. These improvements are informing breakthrough enhancements across the complete range of asset managers’ back-office functions – and more and more middle-office processes as well.

Los expertos coinciden en que RegTech desempeñará un papel importante en la Revisión Fundamental del Libro de Negociación (FRTB). Ayudará a las empresas a encontrar una manera más inteligente de gestionar los desafíos de la regulación. RegTech también muestra permiso para conocer los informes regulatorios de su cliente (KYC) y para el Reglamento General de Protección de Datos (GDPR).

Las tecnologías actuales que demuestran ser más prometedoras en relación con la gestión de riesgos y RegTech encajan en las siguientes categorías amplias:

• Análisis de datos: examen de grandes secciones de datos estructurados y no estructurados para detectar patrones y ofrecer información empresarial.
• Inteligencia artificial y declaraciones cognitivas: la capacidad de capturar y aplicar el conocimiento y la experiencia humanos
• Aprendizaje automático: extrapolación de reglas comerciales a partir del escrutinio de enormes conjuntos de datos.

Desafíos de la tecnología reg

Budding RegTech companies face challenges such as disinclination by data providers to comply, and competition from big consultancies. The fast-paced growth of a number of RegTech companies and the fact that they are more cost-effective, agile, and can more easily adjust and push the innovation that is sweeping the sector makes it likely that they can meet these challenges.

Substantial obstacles exist in adopting new solutions and technologies because the confidentiality of data trumps regulatory reporting. Financial institutions must prioritize shielding the privacy of clients’ data before adopting any compliance solution. The challenge lies in ensuring that regulations strike an appropriate balance between protecting privacy and security, and effective data use.

La jerarquía de las regulaciones plantea otro desafío. Las regulaciones son complejas, diversas y multidisciplinarias. Ciertas regulaciones se aplican sólo a las necesidades nacionales. Otro desafío más es la falta de una solución clara entre los reguladores sobre las soluciones y estándares correctos que deben aplicarse. Esto es un desafío porque tiende a crear incertidumbre.

Cómo puede ayudar la investigación de mercado

The RegTech market is massive. Market research is important because finance industry players want to get more value from technology with fewer dollars spent. Market researchers can scout the industry for new technologies that can be applied to banks and other financial institutions’ regulatory infrastructures. They can see which RegTech solutions offer the best means for overburdened firms to provide regulators with the data they require in a way that is faster, better, safer, and cheaper for all.

RegTech tiene el potencial de brindar información casi en tiempo real a través de filtros de inteligencia artificial y aprendizaje profundo. Supervisa la capacidad y detecta fallos de antemano en lugar de que el cliente tenga que tomar medidas coercitivas después del hecho. El potencial del mercado RegTech es considerable, pero aún se encuentra en sus primeras etapas y existen pocos estudios de casos documentados que demuestren su retorno de la inversión.

RegTech will continue to build on the gains it has made so far. This growth will come from new tools being built to serve the specific requirements of regulated companies both within and outside the financial services industry. It’s safe to say the insurance sector will get special attention. There will be more partnerships between current financial institutions and next-generation technology providers, supporting an environment of greater innovation, which will lead to even more growth within the next few years.