Ireland’s regtech moment: Ticking all the boxes for growth
The rapid growth in demand for regtech solutions is being driven by the volume, velocity and complexity of regulatory change. Photograph: Getty Images
With expanding EU and international regulatory frameworks such as the Markets in Crypto Assets (MiCA), the Payments Services Directive 3 (PSD3), the Digital Operational Resilience Act (Dora), and the AI Act, regulatory technology, or regtech, is becoming essential infrastructure.
The rapid growth in demand for regtech solutions is being driven by the volume, velocity and complexity of regulatory change, which is simply outpacing what manual processes can handle – and separate systems across different geographies or regulated areas of compliance are no longer keeping up either, says Keith Pyke, director of solutions at My Compliance Office.
