This is part of Solutions Review’s Premium Content Series, a collection of contributed columns written by industry experts in maturing software categories. In this submission, MirrorWeb Chief Operating Officer Harriet Christie offers a look at RegTech solutions through the lens of several key industries.
Regulatory technology (RegTech) companies perform exactly the function you’d expect; they provide technology which is used by businesses to manage and enhance regulatory processes in order to achieve and prove compliance. It’s a sector which is now growing at a pace of 19.5 percent annually, and is expected to hit $21.73 billion by 2027, according to Reports and Data.
Such growth has been precipitated by a major upsurge in demand for a variety of reasons, but mainly ‘a looming regulatory burden’. The majority of RegTech companies work with clients in the financial services industry; it’s the most heavily regulated, after all.
That ‘looming regulatory burden’, however, does not just apply to the financial services sector. Below we’ll look at three other industries which are becoming increasingly regulated as time passes. But first, why are we seeing more…
