20201127 A friend asks…..

Q: Never knew there was a regtech until now.

*RegTech* it’s just another buzzword – anything that uses tech is now being truncated and “tech” added. “insurtech,” “edutech” etc. It’s a nothing term for nothing new. But by saying it’s xTech, it’s seemingly much easier to raise finance – and to get regulators to let you play without being regulated in the same way as e.g. banks which perform the same service. After all, every business, and business operation, uses tech in one way or another these days except someone growing beans and selling them at their gate.