The regulatory technology is also called as a “RegTech” and is a new area within the financial services industry which uses information technology to improve the regulatory procedures. The main objective of this, is to improve the transparency as well as dependability and to systematize regulatory procedures, to support sound interpretations of confusing regulations and thus deliver higher levels of quality at lower cost. The banks and the financial institutions function in an extremely ... Read more
Regulation is generally used for protection of investors and integrity of markets. Regulatory technology is attracting significant investor interest. This is due to its ability to develop innovative digital solutions and the need for deep regulatory understanding. Regulatory Technology (RegTech) comprises companies that use computing technology via a software-as-a-service (SaaS) platform to help businesses comply with regulations in a cheaper and efficient manner.
