Training Doyens

  RegTech Regulatory Technology, more commonly known as RegTech, is defined as the use of new technologies for helping financial institutions effectively meet  regulatory requirements of reporting , monitoring, compliance and risk management. RegTechs is often confused with FinTech but     the latter is defined as using technology for delivering financial solutions. Unlike FinTech, RegTechs focuses more on rethinking the way finance and regulation work. RegTechs provides cost effective solutions to financial firms for meeting regulatory requirements through automation and digitization. Why is RegTech Important? Post global financial crisis of 2008, the regulatory requirements have become more complex and stringent. Also, hefty penalties and fines are imposed for failing to maintain compliance. This has also led to an increase in the annual spending by financial institutions on regulatory compliance. Consequently, the cost of compliance has become a m...