KnE Social Sciences
ISSN: 2518-668X
The latest conference proceedings on humanities, arts and social sciences.
Are Regtech, Fintech, Blockchain the Future?
Published date: Feb 15 2018
Journal Title: KnE Social Sciences
Issue title: III Network AML/CFT Institute International Scientific and Research Conference "FinTech and RegTech"
Pages: 61-67
Authors:
Abstract:
British Financial Supervision and Control Authority has identified new technologies as a component of fintech. These components include regtech, insurtech, blockchain. These new areas of the market development are incomprehensible to a wide range of people. However, this area attracts venture capital which is actively growing worldwide. The prospects of development of these areas are interesting for many reasons: reduction of financial costs for market participants, reduction of information processing time, security of financial transactions, information security and completeness. The article describes: objective reasons of the occurrence of such a kind of the product, risks of using these products and advantages of their introduction in all spheres of life, as well as the scope of regtech implementation.
Keywords: Fintech, regtech, blockchain, insurtech
References:
[1] Andrei Alyokhin what is RegTech: a new market for $120 billion to finance startups. https://rb.ru/opinion/regtech-what-is
[2] https://news.rambler.ru/other/38003520-7-opredelyayuschih-aspektov-regteha/
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