Question
Task: You are running your own RegTech start-up and due to the high volume of new regulatory changes introduced over the last years you are
Task: You are running your own RegTech start-up and due to the high volume of new regulatory changes introduced over the last years you are screening the financial industry market, and other industries, looking for business opportunities. Based on what you know so far about financial markets, other industries, the RegTech landscape and the risks associated to its implementation, you must develop a PoC and/or a prototype of an idea that you think might have an impact in the specific industry. This idea should represent a solution for a specific problem which should be clearly identified, justified and analysed. Your final PoC or/and prototype should consider the above information and answer the following questions:
1. Is your solution capturing real-time data in context? Carefully explain why and how? 2. Does your solution consider legacy integration? Carefully explain why and how? 3. Does your solution contemplate the trade-off between implementing the solution and a frictionless onboarding? Carefully explain why and how? 4. Is the data in your solution bulletproof? Is the shared database immutable and all parties can trust that nobody can change the data it contains, as in a blockchain? 5. Is your solution ready to smoothly integrate future changes? How is it prepare to do so? Who can integrate the necessary changes?
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