There is an emerging category of companies that are gradually coming up, according to Jeff Yastine, the Editorial Director at Banyan Hill Publishing, and investors should take keen note so that they can grab the opportunity early enough.
As is bound to happen, from time to time, circumstances and need for more control eventually make a government impose more rules and regulations on the operations of different industries. These are meant to streamline processes, standardize the outcomes as well as address emerging issues. Some of the most regulated are the banking and insurance sectors, where the government has placed a host of rules that must get adhered to in all their operations.
Adherence and compliance are expensive to a company. A recent report indicates that banks are using more than $70 billion to ensure that they have satisfied the regulator’s requirements, a figure which is expected to rise in the coming years. Jeff Yasmine points that this need for adherence is what has led to the gradual emergence of regulatory technology, or as he calls it, regtech.
Regtech is an upcoming technology which makes use of high-level technologies such as artificial intelligence to help companies reduce their regulatory costs. For example, while regulation requires a bank to scrutinize and validate details of new clients to prevent money laundering and tax evasion, the entirety of which costs banks more than $10 million, use of Regtech can significantly reduce this cost to about $300,000, and with much more efficiency.
Because these Regtech companies are gaining widespread acceptance gradually, even from the regulating authorities, Jeff, a seasoned investor, believes that everyone on the lookout for these companies. Industries should see how they can employ this new technology to reduce their costs, while investors will see in these companies an opportunity to invest.
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— Jeff Yastine (@Jeff_Y_Guru) December 19, 2017
The profile of Jeff Yastine makes it all the more important to follow such investment advice. He is an executive director at Banyan Hill publishing, where he is the editor of Total Wealth Insider. He has a wealth of experience in the industry which spans for more than two decades. He has interviewed and acquired his wealth of information from most successful investors such as Sir Richard Branson and Warren Buffet, among others. It is with this wealth of experience that he was to predict and advise on some of the significant developments in the industry such as the real estate crisis in the mid-2000s, the financial ramifications of the Hurricane Katrina of 2005, among others. He has won many awards because of his excellent reporting on significant issues, and his informational contributions. Learn more:https://plus.google.com/+JeffYastine