Скачать или смотреть Why Contego is the perfect RegTech Partner for Challenger Banks?

In this new world where disruption rules, established market leading players in many industry sectors are facing increased competition in the form of new entrants with radically different business models. The banking sector is not immune to this.

New banks are able to start-up fast immediately leveraging the latest and greatest best of breed technology available demonstrating their innovation and get growing their business quickly, as they are free from the typical constraints and issues associated with managing legacy systems. Building their businesses on new IT systems gives them several competitive advantages. Not least, reduced financial operating costs as they do not have the cost burden of maintaining complex legacy systems or the property costs of bricks and mortar high street branches as the new systems and business models they opt for allow for remote banking.

What challenger banks may lack in brand awareness, ordinarily demanded for by consumers when selecting financial products, they have in curb appeal. Today’s new banking customer is technology savvy with expectations of an entirely mobile and digital experience and distrusts many of the established brands due to their association with the financial crisis of the mid 2000’s.

Contego, a RegTech and compliance specialist supporting the Property, FinTech and Financial industry sectors, are disrupters ourselves. We’re changing the way financial services can manage their risk and compliance processes. By automating due diligence checks, streamlining operations and reducing compliance cost, Contego is the perfect innovation partner for challenger banks and established brands alike.

We believe that embracing RegTech solutions can have a transformative, positive effect on your business and therefore should be seen as a competitive advantage. It is not simply about the handling of compliance checks, but about enabling innovation.

Watch the latest video with Sameem Jaffrey, Contego’s Chief Commercial Officer for Banking, as he explains why Contego is the perfect RegTech partner to support financial institutions new and old, large and small.

No matter if you’re a challenger bank, traditional finance firm or a FinTech you need a flexible, effective and efficient approach to due diligence and compliance when you onboard customers.

If you want to learn more on how Contego’s RegTech solutions can automate your due diligence checks, reduce compliance costs and keep the regulators at bay, get in touch today by calling +44 (0) 1235 375 000 or book an online demo.

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