Total Wealth Insider Jeff Yastine has written about the next tech industry up and comer. He reminded readers that things stagnate when they remain the same. Additional rules are what change normally is in the world of business, these increase the costs. Increased costs can the stock prices to drop unless regulatory technology or “regtech” is used.
This investment opportunity uses artificial intelligence, blockchain technology and other software which can cut regulatory costs. There are eighty companies being acknowledged by global management consulting firm Bain and Co as emerging regtechs. The insurance and banking industries are where the companies are headed, there is a need for technology to increase the industries profits.
There are eighty companies close to startup that are privately held. While the names are unknown to people they are expected to grow and give an new opportunity for investment. The amount spent to conform to regulations is expected to increase by forty billion dollars in the next three years.
Expense of Regulations Fulfillment
— Jeff Yastine (@Jeff_Y_Guru) November 16, 2017
It takes money to fulfil regulations, financial institutions will require identity verification whether changes or made to an account or a new account is opened. The prevention of corruption and money laundering is the reason for this, and the cost to comply with rules is high. Regtech specialists can handle the requirements for approximately three hundred thousand instead of the ten million to one billion that companies are paying now.
Joining the Fold
Financial benefits provided by regtech are being recognized increasing the potential investment. Officials are proposing having regtech companies in the bureaucratic circle like others have federal regulators for maintaining the ratings of credit for bond markets. It has been suggested that regtech companies gain a charter that gives them authority like a bank. Visit Talk Markets for more updates.
Trust the Advice
You should listen to Jeff Yastine when he gives suggestions about investments. The financial sector’s profits can increase through the advancements of regtech. Jeff Yastine has over twenty years of experience with the stock market, and writes a weekly articles for GcReport and contributes to “Sovereign Investor Daily” and “Winning Investor Daily” for Banyan Hill. He began as editorial director there during 2015 and gives information about business, monetary and economic trends.
Jeff Yastine got his Bachelor of Arts in telecommunications in 1986, and after graduation worked for PBS’s Nightly Business Report as a Sr. Correspondent for seventeen years. He then went to Oxford Club LLC as Editorial Director followed by over two years at Newsmax Media. He then moved to Banyan Hill Publishing where he currently works. Learn more:https://seekingalpha.com/user/48543045/stocktalks