There appears to be a significant imbalance between fintech and regtech that could lead to compliance risk returning to square one. The higher demand for fintech brings us to the conclusion that banks are much more focused on upfront revenue that comes from loans, deposits, etc., and less focused on the added pressure increased volumes create on their compliance partners.
The result is a dramatic growth in volume with the same, or less, compliance oversight. All of which, whether loans or deposits, will inherently generate more risk and compliance issues. Now is the right time to give equal consideration to regulatory technologies and strike this critical balance.