Regsearch’s chief executive and founder, Darren Douglas, said: “We are honoured to collaborate with the FSA to drive innovation in regulatory compliance. “This partnership exemplifies the power of collaboration between startups and regulatory bodies to drive meaningful change and progress.”Isle of Man innovationCurrently, the Isle of Man is urging insurtech startups to apply for a new initiative – the Isle of Man Innovation Challenge. Launched in November 2023, the Isle of Man government explained that the scheme “facilitates collaboration with local businesses, government agencies and regulators to enhance solutions and gain insights for global readiness”. Additionally, winners and participants receive added local and international exposure, bolstering project credibility.”Simon Pickering, head of insurance and pensions at Finance Isle of Man, said: “I am delighted that Regsearch [is] working with the Isle of Man Financial Services Authority – it’s great to see [its] continued success. “This just goes to show that the Isle of Man has the expertise needed to help fintech and other companies take things to the next level.

Source: The Times February 22, 2024 09:38 UTC