According to a report co-authored at the Cambridge Centre for Alternative Finance, the RegTech (Regulation Technology) industry generated an estimated five billion dollars in revenue last year. Bryan Zhang, Executive Director of the Cambridge Centre for Alternative Finance, said: “Building on our Centre’s previous work in benchmarking various FinTech sectors, this report brings together empirical data in order to elucidate the size, growth, dynamics and development of the RegTech sector. The report findings point to a rapidly growing and technology-enabled global industry serving an increasingly diversified customer base, yet still working to establish trust and credibility as it matures.”
Read the full article [e.tradersmagazine.com]
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