Body
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
RegTech services are not prevalent in Albania despite some sporadic symposiums organised with the focus at the future of the banking sector.
Legal affairs
Obligations and requirements to provide RegTech-services
It is not a regulated activity.
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
No data available.
Additional comments regarding the economic situation for RegTech-services or what RegTech’s must be aware of in this business area
N/A.