RegTech – Tecnologia Regulatória

“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 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.

Os especialistas concordam que a RegTech terá um bom desempenho na Revisão Fundamental da Carteira de Negociação (FRTB). Ajudará as empresas a encontrar uma forma mais inteligente de gerir os desafios da regulamentação. A RegTech também mostra permissão para conhecer os relatórios regulatórios do seu cliente (KYC) e para o Regulamento Geral de Proteção de Dados (GDPR).

As tecnologias atuais que demonstram ser mais promissoras em relação à gestão de risco e RegTech enquadram-se nas seguintes categorias amplas:

• Análise de dados – exame de grandes seções de dados estruturados e não estruturados para detectar padrões e fornecer insights de negócios
• Inteligência Artificial e Declarações Cognitivas – a capacidade de capturar e aplicar o conhecimento e a experiência humana
• Machine Learning – extrapolação de regras de negócio a partir do escrutínio de enormes conjuntos de dados.

Desafios 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.

A hierarquia das regulamentações representa outro desafio. Os regulamentos são complexos, diversos e multidisciplinares. Certos regulamentos aplicam-se apenas às necessidades nacionais. Outro desafio é a falta de uma solução clara entre os reguladores sobre as soluções e normas adequadas a aplicar. Isto é um desafio porque tende a criar incerteza.

Como a pesquisa de mercado pode ajudar

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.

A RegTech tem o potencial de fornecer insights quase em tempo real por meio de filtros de inteligência artificial e aprendizado profundo. Ele monitora a capacidade e detecta falhas antecipadamente, em vez de o cliente ter que tomar medidas coercivas após o fato. O potencial do mercado RegTech é considerável, mas ainda está na sua fase inicial e existem poucos estudos de caso documentados que demonstrem o seu retorno sobre o 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.