Monday, September 25, 2023

Regtech Vendors Preferred

By DAC000 , in Regtech , at May 24, 2022 Tags:

over in house solutions, according to IHS Markit. About a two minute read.

Comment: the article is misleading, regulated firms (like banks I work with) prefer MULTIPLE solutions. It was the same when I was running Moody’s consulting practice, selling credit rating solutions. There would be an in-house system, as well as one or more systems provided by externals. Credit rating is an inexact science. And similarly, some (not all) aspects of regulatory compliance are subjective / inexact.