JEFF YASTINE: THE FINANCIAL GURU

JEFF YASTINE: THE FINANCIAL GURU

Jeff Yastine is a stock market investor, Editorial Director at Banyan Hill Publishing, a financial journalist, and Total Wealth Insider editor.

Mr. Yastine started working for Banyan Hill Publishing in 2015, however, he has always been in the financial media world. In a recent article he wrote, Jeff Yastine advised his readers about the evolving tech industry. Change in the business industry often comes about due to increasing business costs brought about by additional rules which are always being imposed. Consequently, the companies have to embrace regulatory technology otherwise known as regtech or face dire consequences of a failing business.

Regtech can be defined as a breakthrough investment prospect. This technology greatly assists companies in reducing regulatory costs. It utilizes advanced tools like sophisticated software, blockchain technology, and artificial intelligence. This technology can be effectively be used in extremely regulated industries like insurance and banking. Moreover, regtech will ensure that their profit margins increase. In 2017, one of the major renowned management consulting companies recognized at least 80 new emerging regtechs. These companies’ products and services have been able to make their way to the extremely regulated industries. Although a majority of these companies are private and they haven’t fully matured their technology expertise can never be underestimated. Currently, approximately 70 billion dollars is being used by international banks just to ensure that they follow all the laid out rules. According to a technological finance online publication, this amount is projected to reach approximately 120 billion dollars within three years.

Within the banking industry, there are very many restrictions which should be fulfilled to curb corruption and money laundering. In a bid to comply with these rules, financial institutions spend over 10 million dollars when people open, close or rectify their accounts. However, the regtech system can cut this figure by more than half and sort out these regulations. In fact, renowned European financial institutions use over a billion dollars annually to comply with the strict regulations. Read more about Jeff Yastine at Bloomberg

ABOUT JEFF YASTINE:

Jeff Yastine has been in the investing and media finance world for over two decades. In addition to this, Mr. Yastine also contributes to Winning Investor Daily and Sovereign Investor Daily. These publications belong to Banyan Hill Publishing. The prolific financial investor has had the opportunity of interviewing, renowned entrepreneurs like Sir Richard Branson, Warren Buffet, and Michael Dell.

Due to the fact that he is also an investor, Jeff Yastine has a vast knowledge of the subject. The former financial journalist generously advises his audience on all the platforms that he is active. This includes all the popular social media sites and his blog. More info can be found at https://plus.google.com/+JeffYastine