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He said, “Over the past five years there has been a fundamental shift in IT strategy, especially in larger businesses who used to build and sometimes white label solutions, who are now moving away from this approach. In the opinion of Jamie Hunter – COO of RegTech firm Aveni – the collective experience at Aveni paints a path towards the move to external suppliers. With more options for companies to outsource product development arising by the day, businesses in the RegTech industry, as just one example, are considering whether it is worth the hassle to build their product and services in-house. However, changing trends and technologies mean third-party is becoming a bigger option. In the past, it would be common for many RegTech firms to build and run their own solutions themselves.