Jeff Yastine Talks on the Emerging Technology

The editor of the famous Total Wealth Magazine, Jeff Yastine recently in one of his articles revealed what he called the next emerging technology. He was quick to remind his readers that whenever things remain the same, there can never be progress. He says that change is in most cases is inevitable, and when it comes, there is no option but to embrace it. As new rules take effect, one fact is that the cost of operating businesses also goes up. Consequently, the revenues of a company go down hence affecting its credibility in the stock market.

View Jeff Yastine’s profile at LinkedIn.


What is regtech? For those who might not be familiar with it, regtech is a great investment opportunity. It is the use of modern or advanced tools such as artificial intelligence, blockchain technology, and other sophisticated software. A company seeking to cut costs when it comes to regulations can take advantage of this technology. Bain and Co., a global consulting firm last year revealed that there were about 80 regtech companies. The interesting thing is that products and series from such companies are quickly getting into highly regulated sectors such as banks and insurance. Such industries require an increase in the use of modern technology for them to make more profits. Read more on for more info.

The other thing about the so-called regtech firms is that they are mostly owned by individuals. Most of them are not commonly mentioned and have brands such as Taxometry, Flexeye, and OnRule. Despite the fact that they appear like startups and not many people are aware about them, technology experts suggest that few years to come they will be a great investment opportunity. A few weeks ago a financial technology website revealed that financial institutions especially international banks were spending an exorbitant amount of money just to meet with financial regulations set by different governing bodies.

There is no doubt that fulfilling regulations come with a cost. For instance, whenever a customer goes to the bank to open an account, they are always presented with a form to validate their identity. Such requirements are designed to curb money laundering and corruption.

Jeff Yastine Joined Banyan Hill Publishing as an editor back in 2015. He is currently the editor of Total Wealth magazine which gives readers insights on various financial issues. He has over two decades experience in financial journalism and Stock market investment. His great work in the company has attracted thousands of readers and followers.

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