RegTech, a Sector on the Rise Ever since the 2008 financial crisis, regulators have been tightening legislation. Banks have responded to this by hiring thousands of compliance officers, thus solving an important problem by increasing headcount. This is even more the case in Asia where banks need to deal with many different regulatory regimes. Currently 80% of the AML budget of banks is related to headcount as many background checks are still done manually by large AML teams. And, while complex cases will continue to require human CH oversight, many of the lower-risk checks could be automated. TE N I F F And, unlike in FinTech, where there is some element of disruption O andcompetition, RegTech is an area where all parties benefit from TE TA working together. Which is why at Startupbootcamp we believe S E that RegTech is a sector on the rise. TH 67