Global FinTech Guide
Country Name
RegTech and compliance management
RegTech is composed of the words “regulatory” and “technology”. It is a collective term for the application of modern technologies, to get the increasing regulation in the banking- and financial sector under control both from an IT and a legal standpoint.


Attitude of the country towards RegTech-services

RegTech is a growing market in Spain. There are currently 82 RegTech start-ups in Spain focused on compliance matters, digital-onboarding, cybersecurity, or big data.

Legal affairs  

Obligations and requirements to provide RegTech-services

Currently, there are no special legal licenses required to create or operate this kind of FinTech. In the terms described by the market, the RegTech companies provide technological support for developing and implementing compliance policies and procedures; hence, this technology does not perform direct investment services. However, CNMV has stated these companies should cooperate with the public agencies to afford a better supervision of the market.

Additional comments regarding the legal situation for RegTech-services or what RegTech’s must be aware of in this business area


Economic conditions

Market size for RegTech-services and biggest companies in this business area

It is an emerging and fast-growing market.

Additional comments regarding the economic situation for RegTech-services or what RegTech’s must be aware of in this business area




© 2022, Ventura Garcés. All rights reserved by Ventura Garcés as author and the owner of the copyright in this chapter. Ventura Garcés has granted to Multilaw non-exclusive worldwide license to use and include this chapter in this guide and to sublicense Lexis Nexis, a division of RELX Inc. and its affiliates certain rights to use and distribute this guide.

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.


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