Regtech: The sub-segment of fintech helping financial institutions meet their regulatory obligations

Software solutions can help firms meet a large variety of regulatory requirements efficiently and cost-effectively

As regulated financial services entities come under increasingly detailed and frequent data requests and compliance regulations, regtech solutions can help tick those boxes efficiently and effectively.

Regulatory technology or regtech, has evolved into a crucial sub-segment of fintech. Regtech providers specialise in software solutions that help companies meet a large variety of regulatory requirements efficiently and cost-effectively. And Ireland is home to some world leaders in the area including homegrown unicorn Fenergo which broke through the $1 billion valuation threshold back in 2021.

“In very simple terms, regtech is a range of technology solutions that help financial institutions with their regulatory obligations and requirements,” explains Owen Lewis, head of banking and capital markets at KPMG.