RegTech – The potential of regulatory technologies in anti-money laundering

In an article for Bankingnews by BANKINGCLUB, Dr. Jacob Wende explores the exciting topic of RegTech and its role in anti-money laundering, sharing insights from his day-to-day work at Regpit.

In Asia, North America, and the UK, RegTech is already a major topic. How will Germany and Europe evolve?

From KYC procedures to effective risk analysis – many compliance processes can be made more efficient through the use of technical tools. However, in practice, there are numerous challenges. For example, many tools only support a single sub-process. In addition, the specific requirements of different industries and business models must be taken into account.

At Regpit, we see the many implementation challenges and approach AML compliance as a holistic solution tailored to diverse user groups. Our goal is to make AML compliance understandable and effective in practice. Our clients range from international financial service providers, payment service providers, and asset managers to small and large law firms – including players in the real estate sector.

More on the article and the magazine here:
https://lnkd.in/ejwV_8cH