RegTech – Technologie de réglementation

“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).

Opportunités RegTech

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.

Les experts conviennent que la RegTech jouera un rôle important dans la révision fondamentale du portefeuille de négociation (FRTB). Il aidera les entreprises à trouver une manière plus intelligente de gérer les défis de la réglementation. RegTech affiche également l'autorisation de connaître vos rapports réglementaires client (KYC) et de respecter le règlement général sur la protection des données (RGPD).

Les technologies actuelles les plus prometteuses en matière de gestion des risques et de RegTech entrent dans les grandes catégories suivantes :

• Data Analytics – examen d’énormes sections de données non structurées et structurées pour détecter des modèles et fournir des informations commerciales
• Intelligence artificielle et énoncés cognitifs – la capacité de capturer et d’appliquer les connaissances et l’expérience humaines
• Machine Learning – extrapolation de règles métier à partir de l’examen minutieux d’énormes ensembles de données.

Défis RegTech

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 hiérarchie des réglementations pose un autre défi. Les réglementations sont complexes, diverses et multidisciplinaires. Certaines réglementations ne s'appliquent qu'aux besoins nationaux. Un autre défi réside dans l’absence de solution claire parmi les régulateurs sur les bonnes solutions et normes à appliquer. C’est un défi car cela tend à créer de l’incertitude.

Comment les études de marché peuvent aider

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 a le potentiel de fournir des informations quasiment en temps réel grâce à des filtres d’intelligence artificielle et à l’apprentissage en profondeur. Il surveille la capacité et détecte les problèmes à l'avance, plutôt que d'obliger le client à prendre des mesures coercitives après coup. Le potentiel du marché RegTech est considérable, mais il n’en est qu’à ses débuts et peu d’études de cas documentées existent pour montrer son retour sur investissement.

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.