Why Strengthening Reconciliation Functions Can Help Companies Remain Compliant

As part of a RegTech Analyst article, MAP FinTech’s UK business development manager Mark Ellis commented on how MAP FinTech thinks firms can maintain regulatory compliance considering the ongoing evolution of regulator attitudes.

According to Mark Ellis, RegTech companies should be ‘frontrunning’ on reconciliation and artificial intelligence. He believes RegTech companies are well placed to provide solutions to AML issues due to their operational efficiency with many companies taking stock of new opportunities as they adjust to the Covid-19 pandemic.

He also said that MAP FinTech is using this time to tackle complacency by strengthening its offerings. In late 2020, MAP FinTech expanded its partnerships with UnaVista and DTCC and is in discussions with several market participants over future collaborations. Read the full article here.

Read the full article here.


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