Press Release - RegTech Belgium launch
BRUSSELS, CAPITAL OF REGTECH
Since the 2008 crisis, governments and authorities rose up the number of regulations the financial sector has to comply with. The objective is to protect better the clients, to bring transparency and to stop the money-laundering and terrorist financing.
The ones who don't comply can face dramatic consequences. EU banks paid over $16 billion in fines between 2012 and 2018. (source : Moody’s).
While banks are spending more and more on regulation and compliance, regtechs propose technological solutions to tackle the problem, bring efficiency and better user experiences.
At the heart of regulatory decisions, RegTech thrives with a very high rate of adoption: more than 30 Regtechs are established in Belgium!
FCA (UK) describes RegTech as “the adoption of new technologies to facilitate the delivery of regulatory requirements”. It is operating in several areas such as AML (anti-money laundering), KYC, risk management, reporting etc...
The Belgian RegTech influencer Koen Vanderhoydonk and Author Robert van Beek joined forces with 19 international experts to explore what RegTech really is about, publishing the RegTech Blackbook.*
“RegTech is much more than a subset of FinTech. RegTech is a movement, join us!” – Koen Vanderhoydonk
A new FinTech Belgium vertical is born… Long live RegTech Belgium!
It was only natural that Regtech members of the FinTech Belgium federation decided to join forces and create a new association in the Capital of RegTech.
Their mission: to share, inform and develop collaboration between the different stakeholders of the financial and regulatory ecosystem.
Jean-François Heering, CEO of Vadis Technologies and ambassador of RegTech Belgium: “Our ambition is to actively promote our Regtech interests in Belgium and abroad. We want to be a platform for dialogue with regulators and parties, making member’s voices heard”.
#BeyondBoring, RegTech goals are about improved governance, positive customer experience, transparency and market integrity.
RegTech Belgium Kick-off Meetup
We are pleased to invite you to the RegTech Belgium kick-off Meetup on 24/10: regulators, banks, insurers, consultants and regtechs are gathering to celebrate this new vertical!
We are delighted to announce that the EU Commission will be on board to give you a better understanding of the importance of regulation (AML, MiFID2…).
During this Meetup you will have the opportunity to:
discover the mapping of Belgian Regtechs, and the different families of RegTech.
explore the trends and the different used technologies of RegTech: Big Data, data governance, real time monitoring, RPA…
get an overview of what RegTech can do for the financial industry with Isabel Group and Rockestate. You will be enlightened by their creative and innovative solutions focused on banks and insurance companies.
Join us on 24/10 at 18H at Co.Station in Brussels: send your request with valid press card to regina@fintechbelgium.be and register for free here.
*Reference:
RegTech influencer Koen Vanderhoydonk and Author Robert van Beek joined forces with 19 international experts to explore what RegTech really is about, how it is influencing the financial industry and helping everybody who is challenged to implement the tsunami of new regulations. www.regtechblackbook.com