A group of interested parties, from CEOs of regtech companies to experts at FIS and PWC, have come together to form the International RegTech Association.
A non-profit organization has been formed bringing regulatory technology industry heavyweights together in a bid to support global RegTech. The International RegTech Association (IRTA) is sponsored and funded by its members and aims to ease and accelerate the evolution of industry through integration and sharing of knowledge. The newly appointed global chair of the ITRA, Subas Roy, explained the organization believes in the “globally integrated, hybrid ecosystem, and supports the premise that the whole is very much greater than the sum of the parts”. The executive board consists of CEOs and founders of RegTech firms, as well as RegTech leaders from PwC and FIS. It will operate three advisory councils working in areas of research and development, innovation and adoption for regulators and also the wider market.