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CS Professional · IFSCA - Regulations, Listing and Compliances · Overview of FinTech and Service Providers in IFSC

Kavach Analytics Pvt Ltd, based in GIFT City, builds software that automatically reads regulatory circulars and maps them to a bank's internal controls so that the bank can monitor its compliance obligations with less manual effort. Which emerging FinTech category does this solution best represent?

The solution is RegTech. RegTech uses technology to help regulated entities interpret regulations, monitor obligations and reduce manual compliance work. Mapping regulatory circulars to internal controls is a compliance function, not insurance, lending or investment advice, so the other categories do not fit.

  1. ARegTechCorrect
  2. BInsurTech
  3. CPeer-to-peer lending
  4. DRobo-advisory for retail portfolios

Explanation

Technology that helps regulated firms understand, monitor and meet regulatory requirements is RegTech. InsurTech concerns insurance innovation, peer-to-peer lending concerns matching lenders and borrowers, and robo-advisory concerns automated investment advice. None of these describes mapping circulars to controls.

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