INSURTECH
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STATISTICS
● The cost of compliance across all banks from 2014 to 2016 averaged approximately 7.0 % of their noninterest expenses
● In the first three quarters of 2019 , investment in the RegTech space grew by 103 %
● RegTech is on the verge of separating from FinTech and becoming its own industry
● RegTech Market size in 2019 : $ 5.3bn
● RegTech Market CAGR : 19.5 %
AUGUST 2020