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Shpesh e me shpesh po përdoren termet FinTech and RegTech, po çfarë jane ato me fjale te thjeshta?
FinTechFinancial technology, or FinTech, refers to the use of new technology to advance or change the financial sector.

Common examples of FinTech include:
• cryptocurrency and digital cash
• blockchain technology
• smart contracts
• open banking
• financial inclusion
• cyber security.

Regulatory sandboxes are typically run by a regulator to allow businesses to test innovative products, services, business models and delivery mechanisms in the real market, with real consumers.
The FinTech Supervisory Sandbox (FSS), allows banks and their partnering technology firms (tech firms) to conduct pilot trials of their Fintech initiatives involving a limited number of participating customers without the need to achieve full compliance with thesupervisory requirements. This arrangement enables banks and tech firms to gather data and user feedback so that they can make refinements to their new initiatives, thereby expediting the launchof new technology products, and reducing the development cost.

RegTech

RegTech, short for regulatory technology, is the use of technology to facilitate the delivery of regulatory requirements. Although the link between regulation and technology is not new, it is becoming more important with the increased levels of regulation and a focus on data and reporting. In addition, RegTech addresses the changes in financial services associated with dynamic FinTech which has driven a different way of undertaking financial services which need to be addressed by regulations. The disruption caused by FinTech will require a different, potentially significantly more data-intensive approach from regulators. RegTech is expected to incorporate automated analysis and real-time data provision as well as enhanced AML checking. The use of biometrics and social media changes how due diligence may be undertaken.