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RegTech is composed of the words “regulatory” and “technology”. It is a collective term for the application of modern technologies, to get the increasing regulation in the banking- and financial sector under control both from an IT and a legal standpoint.
Introduction
Attitude of the country towards RegTech-services
The social and political climate towards RegTech-services is neutral.
Legal affairs
Obligations and requirements to provide RegTech-services
The rules for outsourcing shall apply.
Additional comments regarding the legal situation for RegTech-services or what RegTech’s must be aware of in this business area
N/A.
Economic conditions
Market size for RegTech-services and biggest companies in this business area
We are not aware of Hungary-based RegTech companies.
Additional comments regarding the economic situation for RegTech-services or what RegTech’s must be aware of in this business area
N/A.