Adding more features, data, and analytics capabilities to your RegTech tools may sound like a worthwhile effort, but it actually does more harm than good in the FinTech world. Tune in today to hear why this trend is more like a Candy Crush office game than an effective business strategy. 

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Today’s episode:

• [01:02] The dangerous trend that is taking place in the RegTech industry. 
• [01:41] How RegTech companies are trying to differentiate themselves. 
• [02:35] The main purpose of compliance tools. 
• [02:49] Why I don’t think the strategy that RegTech companies are using is going to work. 
• [03:13] One of the biggest compliance inefficiencies within FinTech companies.  
• [05:15] Why do compliance professionals often incorrectly believe they need more data.
• [07:54] The mission of most RegTech companies. 
• [08:27] Why adding unnecessary data is like a Candy Crush office game for compliance teams. 
• [09:21] Advice for founders who are thinking about adopting additional RegTech tools.
• [10:03] Let me know about your experiences with this topic! 

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