How does Regtech overlap with Fintech

Customer onboarding and 'Know Your Customer' (<a href="/glossarycollection/know-your-customer" style="color:#48277C;" target="_blank" title="Know Your Customer"><u>KYC</u></a>) checks are a key competitive advantage for FinTechs over larger financial service providers that often struggle to integrate cutting edge technology providers into their legacy systems. By offering a slick onboarding interface and fully automated KYC checks, FinTechs are able to reduce the time, cost and effort required to onboard new customers and can offer products which banks often ignore due to their risk policies.