Regtech Hackathons Become Trend in Digital Banking and Fintech

There has been a growing trend in compliance technology the last few years with regtech hackathons or as the UK calls them tech sprints; the events bring together data scientists, developers, banks, tech companies and regulatory agencies to write code together and crowdsource solutions; “This was a unique opportunity to bridge the gap between agencies and industry participants and foster a partnership that can ensure a more sound regulatory structure as fintech evolves,” said Uriel Ashe, SVP of Engineering and Infrastructure at Cross River Bank, to American Banker; the events give the various participants a chance to test new tools to ensure that regulators are comfortable with how the technology is used and that is safe for the financial system; “The thing that’s kind of exciting about this is that at the end of it, they don’t just have a white paper,” Jo Ann Barefoot said to American Banker. “They have actually written code that they can download and they can say, here is the start of a solution to a problem.” American Banker

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!