Open Source Strategy Forum

Both the buy side and sell side make massive investments into regulatory technology (RegTech), and those investments are nearly always divorced from real competitive advantage. This talk makes the argument that RegTech is a strong candidate to become a utility, and to be open sourced. The requirements of the regulators are standardized - so why can’t the solution be? Recent examples of consortia of financial institutions producing technology platforms for MiFID II are a clear step towards an organization like FINOS - in partnership with a select few leaders in the industry - building a full-service, fully open source, RegTech stack. And, through the open core model, that RegTech stack could provide a framework on which proprietary point solutions could be built, with far lower integration risk. This would be transformative in the industry, and would allow financial institutions to focus much more of their tech spend fully onto differentiation.