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? After submitting your project there is a possibility of presenting your idea to a group of people (for example, VCs, central bankers, bankers, etc.) potentially interested in financing your enterprise. These guests are very busy people so make sure you include a one-page summary of your PoC in the beginning of your submission for these guests to read before your presentation.

Note: provide proper Refernces

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!