In the context of this legal and regulatory reshaping, new entrants have made their appearance, including Financial Technology (FinTech) and Regulatory Technology (RegTech) firms. While such firms might take different structures, from rapidly growing start-ups to well-established technology firms, they are all collectively innovating the provision of financial services and creating a renewed push for competition, in markets which have traditionally been hard to penetrate. Further, they are promising more customer-friendly operations and providing greater control and options to their users, while leveraging technology to achieve better and faster execution of processes and procedures.

To download the full report click here.