Financial institutions across the globe have identified RegTech as one of the most prominent pieces of their strategic roadmaps and long-term planning. Banks are now looking to extract maximum business value from their compliance systems and are slowly moving away from looking at compliance as a cost.
Simultaneously, Regulators are also using technology to improve their systems and processes. Digitalization is enabling regulators to better analyze the extensive data sets collected, monitor banking systems more effectively, and make compliance more seamless and cost-effective for financial institutions.
The scope and volume of financial regulations will continue to increase. As a result, financial institutions will need to invest in both technology and talent for regulatory interpretation, application and system implementation.
In these two-part video discussions, watch renowned experts from across the financial sector discuss how institutions can extract more business value from RegTech data and compliance systems by utilizing Artificial Intelligence and Machine Learning technologies.