RegTech – Tecnologia di regolamentazione

“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).

Opportunità 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.

Gli esperti concordano sul fatto che RegTech giocherà un ruolo importante nella revisione fondamentale del portafoglio di negoziazione (FRTB). Aiuterà le aziende a trovare un modo più intelligente per gestire le sfide della regolamentazione. RegTech mostra anche l'autorizzazione per conoscere il reporting normativo del cliente (KYC) e per il Regolamento generale sulla protezione dei dati (GDPR).

Le attuali tecnologie che si dimostrano più promettenti in relazione alla gestione del rischio e al RegTech rientrano nelle seguenti ampie categorie:

• Analisi dei dati: esame di enormi sezioni di dati strutturati e non strutturati per rilevare modelli e fornire informazioni aziendali
• Intelligenza artificiale e dichiarazioni cognitive: la capacità di catturare e applicare la conoscenza e l'esperienza umana
• Machine Learning: estrapolazione di regole aziendali dall'esame di enormi insiemi di dati.

Sfide 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 gerarchia delle normative pone un’altra sfida. Le normative sono complesse, diverse e multidisciplinari. Alcune normative si applicano solo alle esigenze nazionali. Un’altra sfida ancora è la mancanza di una soluzione chiara tra i regolatori sulle giuste soluzioni e standard da applicare. Questa è una sfida perché tende a creare incertezza.

Come le ricerche di mercato possono aiutare

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 ha il potenziale per fornire informazioni quasi in tempo reale attraverso filtri di intelligenza artificiale e deep learning. Monitora la capacità e rileva i problemi in anticipo, evitando che il cliente debba intraprendere azioni di controllo a posteriori. Il potenziale del mercato RegTech è considerevole, ma è ancora nelle sue fasi iniziali ed esistono pochi casi di studio documentati che ne mostrino il ritorno sull'investimento.

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.