Jeff Yastine is the editor of Total Weather Insider. In 2015, Jeff joined Banyan Hill Publishing as an editor. He brought with him his longtime experience in stock market investment and financial journalism after he served in the fields for more than two decades.
In his article on the hot new Tech Industry You’ve never heard of, Mr. Jeff argues that you can always tell when bureaucrats engage themselves in a certain industry. Every company needs a chief compliance officer and a comprehensive department to ensure that everyone within the business operations complies with the prevailing rules.
Unless an organization adopts the regulatory technology structure, additional rules may make things worse or better for the organization. At times, more rules may depict more costs for the organization on stocktwits.com. Regulatory technology is the occupation of apparatuses such as artificial aptitude, block chain and other forms of developed technology and advanced software in the effort of dropping the monitoring expenditures.
In the previous years, Brain & CO singled out young companies which they identified as emerging regtechs. The products and services of these companies are finding their technique to the compliance-heavy industries such as coverage and funding that are in dire need of tech-complete push to profits and benefits in general according to banyanhill.com. Most of the companies are incurring numerous costs in an effort to comply with all the existing rules in the Business jurisdictions which will hopefully rise to nearly $120 billion in the coming years. This will be hand in hand with the companies’ effort to ramp up their spending on services and products that are regulatory technological.
Securities and Exchange Commission announced that it would make cyber security part of its oversight through procedural reviews and control of the investment advisors and broker-dealers. It also introduced the formation of a new cyber unit since the growth of hacker’s capabilities leads to increase of crimes across the jurisdictional boundaries according to investmentu.com. Crimes such as hacking to obtain material nonpublic information, intrusions into retail brokerage accounts and cyber-related threats continue to increase. Cyber security is about to become a major consideration for majority of the firms that handle investments with different clients.
Learn more about Jeff Yastine: https://seekingalpha.com/user/48543045/stocktalks