Regtech’ Startups See More Business in Trump Era
President elect Donald Trump is pro-business and anti-red tape. But what if your business is red tape? Companies whose technology helps banks and investors cope with the welter of post financial crisis regulations and avoid increasingly hefty fines - a sector known as "regtech" - are sanguine about Trump's pledge to dismantle some of those reforms.
Their equanimity is based on a belief that if regulations are replaced rather than scrapped and the overall system of rules becomes more fragmented, financial firms will need their systems to navigate the new landscape.
"Change is itself a driver of regtech adoption," said David Buxton, the chief executive of compliance startup Arachnys. "Volatility creates opportunity for relatively nimble regtech firms."
Founded in London in 2010, Ara...