Citisoft's Patrick Kirchner discusses RegTech adoption in the wake of Bloomberg's acquisition of regulatory technology start-up, RegTek.Solutions, with FundFire.
"The proliferation of new rules is boosting the adoption of regulatory technology (RegTech) services...
'Especially in the European marketplace where MiFID has come up, a lot of managers have struggled to keep up with the pace of their data needs and the ability to create reports regularly and quickly,' he says.
RegTech adoption is likely to accelerate in the U.S. as lawmakers revise older regulations, Kirchner adds."
