Written by FT Adviser
One of the world’s leading consultancy groups, McKinsey & Company, has described the spread of digital technologies as “a do-or-die challenge” for banks. It is right. In fact, the challenge is likely to be of a comparable scale across the whole financial services sector.
In a sector with so much complexity, to what extent is RegTech solving the real compliance issues facing financial services?
Half of the companies in the first wave of the Financial Conduct Authority's advice unit have either launched a low-cost advice service or will be doing so imminently.
Over the last ten years it has become increasingly possible to turn bright technology ideas into smooth, working, scalable solutions, writes founding director of Altus, Kevin Okell.