Though starting of as an offshoot of Fintech, RegTech has applications beyond financials services in regulated industries such as education, agriculture, law and more.
The Industry is being driven by increasing regulatory burden and technology innovations.
Australia dominates the Asia Pacific region, and is seventh in the world in terms of RegTech deal activity.
RegTech stands for ‘regulatory technology’ – namely, technology which assists users in complying with regulation in real-time and preventing the emergence of regulatory issues ahead of time.
The RegTech Association, an Australia-based industry association with an increasinglyinternational membership and an ambition to represent the global RegTech space, emphasisesthat RegTech has a broader remit than just financial services. For many, RegTech is seen as a subsectionof the Fintech, but those within the space are keen to point out that RegTech hasapplications across a much broader range of industries, in the same way that efficiently complyingwith regulation is an imperative in an extremely broad range of industries. The terms are definedas below:
RegTech: an enabler and accelerator that solves regulation and compliance challenges –
industry agnostic and able to be applied to any regulated vertical.
Fintech: generally, refers to disruptive technology that challenges traditional financial
SupTech (Supervisory Technology): Part of the RegTech family, in its monitoring and
Introduction to RegTech
What is RegTech?
The development of ‘RegTech’
Mapping the RegTech space
Challenges in implementation of regtech
Overview of Australian RegTech landscape
Australia is a prominent and fast-growing global market
Australian RegTech is dominated by startups in risk management and monitoring
The RegTech Association is the voice of Australian RegTechs
The Global RegTech landscape
Drivers of RegTech’s growth
Driver 1: Increased regulatory burden
Driver 2: Technological capabilities expand
The RegTech start-up space has experienced a large influx in investment over the last few years, and the market for RegTech products is expected to continue growing at a rapid pace over the next five years
Deep dive: RegTech & the Royal Commission
In profile: Leading Australian RegTech startups
In profile: leading global RegTechs
List of charts/tables
Figure 1. Global VC, PE and M&A activity in RegTech, 2010 – 1H18
Figure 2. Venture Insights RegTech clusters
Figure 3. Distribution of RegTech firms globally by use case, as of 2018
Figure 4. Global RegTech landscape
Figure 5. Number of RegTech startups, by country
Figure 6. Number of RegTechs by sub-sector, Australia, as of June 2019
Figure 7. Number of RegTechs by regulatory area, Australia, as of June 2019
Figure 8. RegTech Association Members Map, December 2018
Figure 9. RegTech Association Members Map, April 2019
Figure 10. Timeline of increasing regulatory burden for financial institutions
Figure 11. Timeline of increasing regulatory burden for financial institutions (II)
Figure 12. Global RegTech investment by regulation, USD, 2014-18 (as % of total invested)
Figure 13.Overview of key technologies underpinning RegTech
Figure 14. Overview of business benefits of RegTech
Figure 15. Global VC, PE & M&A activity in RegTech, USD (M), 2010-1H18