Written by FT Adviser
Bruce Davidson, a principal consultant at Altus, told FTAdviser he was worried about the long term health of platforms that stick to legacy technology for too long, as “in a couple of years it will be hard to compete with competitors on more efficient technology and a lower cost base, as well as investment in replacing technology”.
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.