RegTech - The potential of regulatory technologies in the field of money laundering prevention

In an article in Bankingnews from BANKINGCLUB, Dr Jacob Wende reports on the exciting topic of RegTech and money laundering prevention as well as his day-to-day work at Regpit.

RegTech is already a big topic in Asia, North America and the UK. How will Germany and Europe develop?

From the KYC process to a good risk analysis - many things can be made more efficient with technical tools. In practice, however, there are numerous challenges, such as the fact that many tools only support a sub-process. The specific requirements of individual industries and business activities must also be taken into account.

At Regpit, we recognise the many problems in implementation and think of money laundering compliance as a holistic solution for the various addressees. We want money laundering compliance to be understandable and effective in its application. Our clients are international financial service providers, payment service providers, asset managers, small and large law firms and even the property sector.

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