RegTech

Dr. Matthias Hirtschulz

Dr. Matthias Hirtschulz

Ansprechpartner next@d-fine.com

Regulation is a main cost driver in the financial services industry. Hence, efficiency gains through innovative solutions can have a large impact on the bottom line. Beyond cost savings, new approaches can deliver
more reliable and secure processes and even leverage synergies with business needs: compliance data can be used to gain customer insights or support strategic decisions.

Established players in the Financial Services Industry are facing several challenges: legacy IT, low interest rates and new competitors entering the market. At the same time, the regulatory burden is increasing steeply.
The regulatory costs for the largest six U.S. banks have doubled in the six years following the financial crisis [1]. On top of exploding compliance costs, the fines levied on ten European and U.S. banks between 2009 and 2015 have crossed the $150 billion threshold [2].

RegTech solutions use different, innovative approaches combined with the latest technology to reduce or avoid unnecessary regulatory costs. Some of the RegTech solutions can even be leveraged to gain better customers insight or improve the user experience. 


[1] Saabira Chaudhuri. The Cost of New Banking Regulation: $70.2 Billion. Moneybeat Blog - The Wall Street Journal, 30.06.2014. 

[2] Laura Noonan. Customer reporting failures top big bank fines. Financial Times, 27.03.2016.

Three main factors, in our view, allow for improvements in the above regime:

Our RegTech Services

With many years of project experience on coping with regulatory requirements from a functional, process oriented perspective and technological perspective combined with state-of-the-art FinTech know-how we can support you all the way from analysis to IT implementation.

Our services include

Berlin

Frankfurt

London

Wien

München

Zürich