How Much Do You Know About FinTech?

January 2018 Kompli-Global

The quiz was for its readers to find out how much they know about FinTech.

The Wall Street Journal has published an engaging quiz for its readers to find out how much they know about FinTech.

The article describes FinTech as ‘the innovative industry straddling the worlds of finance and technology‘ and while written as an introduction to FinTech for the mainstream, also covers RegTech, Blockchain, InsureTech and more.

The answer to question three of the quiz quotes Kompli-Global CEO, Jane Jee on the rise of RegTechs, previously published in Financial News:

Q3. Fill in the blank: the chief executive for a fintech startup focused on helping banks vet high-risk clients recently said: “The **_ label gets you further now than ‘FinTech’ because you [can] point to legislation that you are solving.”**

A. GovTech
B. LawTech
C. RegTech
D. Fixtech

ANSWER: C

FinTech startups are rebranding themselves as “regulatory technology,” or “RegTech,” companies, in a bid to convince banks that their products and services are indispensable, according to a May article in Financial News, a Dow Jones publication based in the U.K. Jane Jee, chief executive of Kompli-Global, a FinTech company with offices in London and New York, said in the article, “FinTech is often a solution looking for a problem.”

The piece also notes Kompli-Global’s expansion to New York and mentions how RegTech, under the FinTech umbrella, helps banks vet high-risk clients.