As the supervisory backdrop grows more complex, with required regulations and processes changing often and encompassing ever more information and bank resources, it becomes evident that an expanding proportion of data management and analysis must be devoted to regulatory compliance. This is where RegTech comes in.
RegTech encompasses many different technologies that are expected to serve a variety of purposes related to emerging technologies used to address regulatory requirements.
This white paper will explore the compliance tech revolution. It explains how RegTech can empower compliance functions to make informed risk choices based on data-provided insights about the compliance risks the company faces and how it mitigates and manages risks.