REGULATORY DRIVERS

Throughout the world governments are constantly scrutinising financial crime and market competition and updating regulation. The pace of regulatory change is such that it now creates the biggest single cost centre for financial organisations as they struggle to keep aligned with the latest regulation on such topics as MiFID II/MiFIR, FATCA, <a href="/glossarycollection/general-data-protection-regulation" style="color:#48277C;" target="_blank" title="General Data Protection Regulation"><u>GDPR</u></a>, UCITS, <a href="/glossarycollection/the-second-payment-services-directive" style="color:#48277C;" target="_blank" title="The Second Payment Services Directive"><u>PSD2</u></a> and many, many more. Part of the role of Fintech is to ease the pain of change by providing a way to outsource technical complexity and risk to smaller, specialist partners. If you are an estate owner, you don't do your own gardening!!