" Seismic regulatory changes have been sweeping the financial services sector since the crisis in 2008. Banking and finance in general have moved decisively in favour of stronger regulation, and a number of landmark directives such as Dodd-Frank, Basel III, EMIR and the second Markets in Financial Instruments Directive (MiFID II) have been introduced to improve transparency, market efficiency and investor protection."

“Due to the increasing number of regulatory texts placed upon financial institutions, technology startups have been able to profit £50 billion in the UK alone. Regtech and Fintech companies have sprung as a result of increased compliance to take advance of new business opportunities. Financial regulation is now a crucial element involved in the functioning of a financial firm. Firms have no choice but to equip themselves with the relevant technology to abide by the compliance regulations”

“Security is fundamental to the functioning and productivity of a financial institution. As security becomes increasingly important in financial institutions, capable technology starts to play a larger role. Silos needs to be broken down and instead replaced with a holistic approach to remove human error and therefore increase security productivity.“

“The Monetary Authority of Singapore, while welcoming fintech and regtech start-ups, is weary shadow banking emerging from payment start-ups.”

“The International Monetary Fund and the World Bank launched on Thursday the Bali Fintech Agenda, a set of 12 policy elements established to help member countries harness the benefits and opportunities of rapid advances in financial technology (fintech), while at the same time also managing the risks that arise." ”