What is RegTech?
RegTech connects the regulator and the regulated within a specific industry vertical.
RegTech uses technology to streamline interactions between regulatory agencies, regulated enterprises, and markets.
What it isn't
- Not FinTech.
- The market must include entities outside financial services, and must be at least two-sided.
- Not GovTech.
- The market must include non-governmental entities.
- Not LegalTech.
- The primary customer should not be law firms or corporate legal departments.
- Not governance, risk, and compliance software.
- The product must be used by both sides. Not only the enterprise's own compliance team.
How it works today
Regulation moves information between three parties: regulators, the enterprises they oversee, and the markets that watch both. It moves in six steps.
Meeting the obligation
- 01Regulator
Mandate.
Regulators write rules and impose them.
- 02Enterprise
Comply.
Enterprises interpret the rules and act on them.
- 03Enterprise
Report.
Enterprises document compliance and submit it back.
What happens to the information
- 04Regulator
Analyze.
Regulators review submissions and draw conclusions.
- 05Regulator
Disseminate.
Regulators publish what they receive.
- 06Market
Digest.
Markets turn published information into decisions.
Almost all software stops at step 02, Comply. Steps 03 through 06 still run on portals, PDFs, and email.
The opportunity is not another tool for one step. It is integrating the steps through a single system, one industry at a time.
Why these are good businesses
Regulation creates recurring demand. Regulated companies must meet their obligations. Regulators must administer them. The work repeats under rules and deadlines, year after year.
Every cycle deepens the platform’s data position. Submissions, review histories, corrections, and outcomes accumulate. The platform coordinating the work can become a sticky system of record.
The strongest RegTech companies become shared infrastructure between two sides that must keep interacting, with recurring workflows, deep integration, and a data advantage that compounds.