All You Need to Know about RegTech in 2020

RegTech implies the use of technology for supervising, reporting, and ensuring compliance mostly for the financial industry (essentially the most regulated one) while also covering the needs of pharmaceutical and medicine manufacturing, the oil and gas sector, transportation, etc. Besides сompliance solutions, RegTech is aimed at financial crime surveillance, focusing on fraud, money laundering, and insider trading.

In 2019, RegTech broke a record in the number of global deals (145). In 2020, with a new wave of economic uncertainty and recession, we can expect more regulations appearing to prevent bankruptcies, unemployment growth, and other crisis phenomena. All of these 2020 issues may help RegTech take center stage and spur the wide adoption of maturing RegTech solutions to facilitate compliance, risk management, and regulatory reporting

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2020-10-05T11:07:56+05:30October 5th, 2020|Categories: Compliance, Cyber Security, Data, FIAKS daily, Regtech, Security, Technology|Tags: |Comments Off on All You Need to Know about RegTech in 2020

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