When Covid-19 swept the world at the start of 2020, no one had any idea how much it would change the way we live and work. As in-person restrictions continue to fester two years on, how has the opportunities provided by the pandemic impacted the RegTech industry?
One of the most clearly notable effects of the pandemic has been the global shift to working from home. Governments globally put their countries into lockdowns, with a strong majority of industries having to move online to conduct their business. According to Marc Gilman – VP of compliance and legal counsel for Theta Lake – remote working is proving to be a key area for RegTech to prove its mettle.
He said, “The impact of remote work coupled with increasing regulatory, privacy, and cybersecurity risks related to the use of collaboration and chat tools like Zoom, Slack, Microsoft Teams, and Webex by Cisco have changed the way that RegTechs and their customers conduct business.
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