The financial environment is rapidly becoming more complex/digital/global due to the development of new financial service models, the increase in international financial transactions following the expansion of the fintech business, and the growth in the risk of exposure to various financial crimes. Therefore, regulations of financial supervisory institutions are constantly evolving with new requirements being added, and management with supervision is being conducted with unprecedented intensity. Also, the flood of data along with the demand for regulatory reporting requirements that may result in the imposition of unbearable punitive fines for non-compliance is putting a great burden on the management.
The idea of RegTech has emerged from a shared perspective to effectively respond to the changes in business and regulatory environments, as the need for more intelligent, automated, proactive support solutions is emerging, especially for fintech operators, which can be customized to industry characteristics, and a cost-effective innovative solution
OCTASolution, as a leading RegTech company in Asia/Pacific region beyond Korea, has completed the application of RegTech technology to major products, and SaaS/CLOUD-based AML (Anti Money Laundering) solution has been completed
All employees of OCTASolution are committed to the development of Korea's RegTech industry and innovation in financial compliance, and we promise to be the best partner to create a cost-effective "Compliance Risk-Free" business environment for our customers.
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