Ariadne, a London-based regulatory technology (regtech) designer, is hoping to test an innovative regulatory and compliance platform in the Armenian financial sector. Regtech has been growing fast in recent years; however, there has been no single solution that encompasses the entire array of regulations. Ariadne’s new platform is a promising solution to this problem, giving a single framework for all kinds of regulatory checks for national regulators, commercial banks and non-bank financial institutions. If successful, the new platform will allow personnel to spend less time sifting through data and more time performing deeper analyses.
The platform was designed by U.K. specialists, with Armenian regulatory specialists from a multitude of Armenian institutions providing local regulatory knowledge and insights.