According to a recent Thomson Reuters Survey, financial institutions on average spend £40m a year on compliance, with some spending up to £300M annually on compliance and customer due diligence. In an environment of constant regulatory change, and as the cost of compliance continues to rise, RegTech data aggregators offer a cost-effective compliance tool with improved customer experience and automated data-analysis.

On May 23 K&L Gates hosted an intimate breakfast round table with a number of RegTech experts addressing a number of areas on the topic of RegTech.

Speakers included:

• Jacob Ghanty, Partner, K&L Gates LLP

• Tom Wallace, Partner, K&L Gates LLP

• Nirvana Farhadi, Global Head, Financial Services RegTech, Risk & Regulatory Compliance Affairs, Hitachi

• Ronald Gould, European Chairman, Compliance Science

• Simon Ring, Head of Financial Products, Pole Star Space Applications