Launching a new product is perhaps one of the most exciting and stressful times for a business. Launching a financial product can feel like climbing an insurmountable mountain. Get it right, and you have a product that clients will love and trust for years to come; get it wrong, and you can find yourself in some very hot regulatory water. That’s why regulatory support for financial product development is crucial from the very beginning—helping ensure your product not only meets market needs but also complies with ever-evolving legal and compliance standards.
Further afield, the EU has imposed tough sanctions and fines on companies that are selling products that don’t comply with legislation, and in the US, the government has cracked down severely on companies since the new trends of product and tech have evolved into mainstream usage. As these regulatory landscapes grow more complex, regulatory support for financial product development can make the difference between success and serious legal exposure.
