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More demand from Customers say RegTechs

30 Jan 2024 2:03 PM | Anonymous

In the past year, 54% of RegTechs experienced increased demand from their customers, and 11% have seen new opportunities emerge.

Despite a challenging economic environment, the RegTech industry continues to show positive revenue growth, with some RegTechs achieving over 30% growth.

Banks and other buyers attribute the growing demand of RegTech to customer expectations, which is good news for vendors. This also aligns with regulator priorities, where customer protection and systemic stability are top-of-mind.

Furthermore, we have seen a surge in regulators onboarding technology, emphasising the need for institutions and RegTechs to step up to the plate.

Read more in our 2023 RegTech Industry Perspectives Report — the only comprehensive, contemporary global report of its kind. For industry by industry.

If you'd like a briefing on this report, please reach out. members@regtechglobal.org

If you'd like to be part of the RTA story, reach out to Nathan Walker, our Community Manager.