Big or small, today’s fintechs are swimming in regulatory changes. And with change comes opportunity.
How can you use this change to drive benefits for you and your customers?
HOW FINTECHS CAN CREATE OPPORTUNITIES FROM REGULATORY CHANGE
TIP SHEET
GET SMARTER WITH REGULATION
Regulations and change don’t have to be bad words when it comes to your fintech.
Here's how you can stop worrying and start learning to use them to your advantage.
LEARN MORE
Regulation is baked into how industries operate, sometimes because of market conditions and other times as a pre-cursor to market change. Either way, opportunities exist, but you can only benefit if you understand the market and the regulatory change.
ESG is a perfect example. As the world becomes more focused on green energy and sustainability, so do investors, and shifts in their investments show this change. As investors place their bets on green and ESG opportunities, we’ll see regulations follow to support the shift in investment trends.
KNOWLEDGE IS POWER
Change never ends; embracing it is the key to new opportunities. Anticipating the direction of regulatory change and focusing your efforts there leads to long-term success. What do your clients care about? How can you track regulatory changes that will affect them and proactively offer the support they need? When you figure that out, you’ll be in the position to win that business.
Now isn’t the time to be passive. Identify the ways you can help your clients comply with changing regulations and offer solutions in advance.
EMBRACE CHANGE
You’re not going to get this right if you’re not taking a holistic view of your entire tech/operations ecosystem. You need to leverage new tech, but don’t just grab the next shiny thing. Think about what’s most aligned to your tech and culture, and leverage tools like machine learning to make better decisions and gain efficiencies.
Here’s where you can also consider finding a credible partner to help you balance your portfolio, make good decisions and pull in the right elements.
BUILD SMART
Businesses are data-driven in decision-making, but the data to support regulation is quite a different animal. Here, each regulation will demand highly specific, accurate data. For example, you’ll need it for reporting, risk analysis or data privacy. Regulation isn’t just a matter of checking a box and gathering information for the sake of it.
You need to know what information to collect, maintain, analyze and control to get regulation right. Of course, mastering your data for this could give you and your customers other benefits too.
Once you have the information you need, it’s time to get your data management under control, which will make it simple to plug in that fancy new technology
from step 3.
DON'T JUST CHECK THE BOX
©2023 FIS FIS and the FIS logo are trademarks or registered trademarks of FIS or its subsidiaries in the U.S. and/or other countries. Other parties’ marks are the property of their respective owners. 2554464
linkedin.com/company/fis
twitter.com/fisglobal
www.fisglobal.com
poweringfintechs@fisglobal.com
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index.
About FIS
1
3
2
4
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
Market alignment
Strategic growth
Market differentiation
Proactive advantage
Competitive edge
Enhanced efficiency
Regulatory confidence
Effortless adaptation
Efficient execution
Unified approach
Having the perfect data, newest tech and strongest partnerships won’t matter if your teams aren’t working together. Cultural buy-in is crucial to getting everyone collectively moving towards a shared, data-driven goal.
When everyone knows what the compliance means and understands their role to support it, your organization moves intrinsically toward meeting those goals together. That kind of cultural alignment embeds compliance in your fintech’s DNA.
EAT, SLEEP, BREATHE COMPLIANCE
6
5
5
6
Manage risk
Ensure compliance
CFOs ensure robust internal controls, risk management and compliance processes. As fintechs grow, they face expanding regulatory requirements. Failure to comply can result in legal consequences, reputational damage and loss of trust from clients.
As regulations continue to evolve, agility to adapt to shifts in the financial regulatory landscape becomes crucial.
Finding knowledgeable partners with flexible solutions helps fintechs navigate compliance challenges while positioning themselves for sustainable growth in a dynamic financial environment.
RISK AND
COMPLIANCE
2545611
LEARN MORE
