Living in the present means we're perpetually at the peak of
technology, sitting on a pyramid of past achievements. In the 1950s
credit cards became plastic miracles of payment, an apex of FinTech
resting upon the [modern] invention of credit some half-century
prior, along with zip-zap machines
which made a quick copy of the card to be sent off to banks for
verification. The timing was right, with society becoming more
convenience-driven and consumer-focused—credit card lore
claims it was a man who forgot his wallet at a restaurant that came
up with the idea.
Today is no different. Upon a slew of fantastic inventions like
the internet comes one of the latest, hottest, and nerdiest realms
of FinTech: regulatory technology. RegTech is no less a product of
its epoch than the original credit card was: the 2008 crisis
panicked regulators who started legislating enthusiastically, in
turn giving rise to compliance challenges for companies in every
sector. Alongside these
