Banks and institutions have to pay hundreds of billions of dollars a year due to non-compliance with international financial laws. Financial institutions have an orderly and law-abiding ecosystem. In fact, these laws are intended to combat money laundering and black money. The software has been designed to simplify monetary and financial regulations to reduce the costs of complying with international laws. This industry, which is one of the main subsets of Fintech, is called Regulatory Technology (Regtech).
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Table of Contents
Market / Industry segment of Regulatory Technology
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2019 | 4.34 | 6 | 52.80% | Grand view research |
| 2020 | 6.3 | 5 | 20.30% | Market and market |
| 2019 | 5.32 | 8 | 19.50% | PR news wire |
| 2018 | 2.3 | 5 | 25.40% | Research and market |
| 2019 | 2.175 | 7 | 24.70% | Marketwatch |
Influencing factors that changes market size of Regulatory Technology
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of the Regtech
Direct drivers:
- Increase of compatibility costs
- Need for faster transactions
Reverse drivers:
- Insufficient awareness
- Disapproval of governments
- Lack of skilled RegTech facilitator
This market may also be threatened by following risks:
In all different markets and industries, the risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment identifying risks in the market to perform risk management. The market of the Regtech may also be threatened by the following risks:
- Legislation risk
- Litigation risk
- Funding risk
- Stage of business
Download market of Regulatory Technology (2020-2025) :
