Jeff Yastine is an editorial director at Banyan Hill publishing. He joined the company in 2015 where he mainly works as an editor of Total Wealth Insider. He also contributes weekly to other Banyan’s Hill publications such as Winning Investor Daily and Sovereign Investor Daily. Mr. Yastine is a deeply experienced investor and financial journalist who has over 20 years’ experience in the finance sector. When he was in the media Jeff was an Emmy nominated correspondent and anchor for PBS’s Nightly Business Report. During his time at PBS he learned some of the secrets of investing by interviewing successful entrepreneurs and financiers such as Richard Branson, Michael Dell, Bill Gates and Warren Buffett. As a reporter, viewers loved Jeff Yastine for identifying investment opportunities in company turnarounds and small-cap growth stocks. He also warned his viewers on the 2000 dot-com bubble and the real estate financial crisis of the middle 2000s.
Outside of Banyan Hill, Jeff Yastine has a blog on Medium where he writes on topics ranging from cyber security to renewable energy. In one of his articles in November 2017 he gives his readers tips on the newest and most promising companies in the tech industry. Jeff Yastine explains that as an industry grows more regulations are put in place to regulate the industry. This creates a scenario whereby the company requires a Chief Compliance Officer who ensures that everything the company does complies with the latest laws and regulations. The usefulness of additional regulations is always up for change but what can’t be debated is their effect on the stock price. New regulations always cost a company money thus dragging their stock price.
The cost of compliance has helped birth a new industry known as regulatory technology or regtech. Regtech encompasses the use of advanced technological tools such as blockchain and artificial intelligence to help a company cut costs. In his blog Jeff Yastine identifies various regtech startups that have gained traction in compliance heavy industries such as banking and insurance. These companies include Flexeye, Comply Advantage, Taxometry and OnRule. The potential for regtech companies is huge. Reports from various financial studies indicate that global financial institutions have spent over $70 billion to certify compliance with all regulations in the various business jurisdictions that they operate under. Regtech services are in high demand as they can help companies cut costs in complying with certain regulations. Regulators have also taken notice and they have created policies to help manage this young industry.