Jeff Yastine of Banyan Hill Publishing has identified the next big investing opportunity. He says that government regulation is a huge expense for most businesses, especially those in the insurance and banking industry. While this has always been the case it never became truer than after the financial crash of 2008. In the wake of that federal regulators put in place many new rules that are very expensive to deal with. Visit Jeff Yastine at medium .com to know more.
Due to these regulations, Jeff Yastine has identified regtech as the next big investment opportunity in the technology sector. Companies in this industry are creating software that will help other industries, particularly insurance and banking firms, deal with government regulations in a far more efficient and less costly way. So far there are around 80 companies in the regtech industry, he says, and almost all of them are still privately held. He expects many of these companies to grow in the next few years and some could even have an initial public offering.
In the years I was a financial journalist, it always surprised me how reluctant many of us are to invest outside our country’s borders…#stocks #StockMarket #investing #BanyanHill #WallSt #WallStreet #tradinghttps://t.co/WFzWkyc0Cb
— Jeff Yastine (@Jeff_Y_Guru) January 23, 2018
Much of the government regulations are reasonable but they do put a large burden on companies. Banks, for instance, have to confirm the identity of every new customer due to federal regulations regarding fraud and money laundering. It can cost a bank $10 million a year to do this task but if they use one of the new regtechs that cost can come down to around $300,000 all while accomplishing the same thing.
Jeff Yastine has been with Banyan Hill Publishing since 2015 and he lives in Delray Beach, Florida. For many years he has been talking and writing about investing and other financial matters. For many years he was a senior correspondent for the PBS show Nightly Business Report and was once nominated for an Emmy.
It was at the University of Florida that he graduated in 1986 with a telecommunications degree. After working for PBS he had joined an investment company called Oxford Club LLC as their editorial director. He also had a top position at Newsmax Media for few years before joining Banyan Hill Publishing. Read this article at stockgumshoe.com to know more about Jeff Yastine
Total Wealth Insider is the financial newsletter that Jeff Yastine edits. He performs research into sectors of the economy as well as individual companies in order to uncover great investment opportunities. His research and writing have resulted in Total Wealth Insider being one of the most popular reads of its kind in the industry. Learn more:https://plus.google.com/+JeffYastine