Roberto de la Cruz, Director of RiskMS and Head of the transversal of the Spanish Association of Fintech and Insurtech (AEFI), publishes this article about RegTech and the democratization of regulatory technology.
In this written, Roberto de la Cruz realize the important growth that RegTech companies have been acquiring in Spain, which are already counted in more than 80 in the country. In addition, this type of company have a better consideration by the companies they serve. The term RegTech was a complete unknown 5 years ago, which demonstrate its rapid and fascinating expansion.
It’s this growth what makes RegTech adopt an important role in society: providing solutions to large companies, but also to smallest whose costs tend to have more limits. This is how it guarantees a democratization of regulatory technology.