WHAT IS REGTECH ?
CORPORATE FINANCE - REGTECH
Business Chief speaks to Elias Ghanem , Head of Market Intelligence , Capgemini Financial Services , on the capabilities of RegTech and the impact of COVID-19
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WHAT IS REGTECH ?
RegTech is defined as the management of regulatory processes in the finance industry with the use of technology . Its main functions include regulatory monitoring , reporting , and compliance via the use of cloud computing technology and software-asa-service ( SaaS ) to help businesses comply with regulations . Other technologies used within the industry include : Big Data , real time analytics , artificial intelligence , automation and Blockchain .
Within the industry , Deloitte believes that “ RegTech promises to disrupt the regulatory landscape by providing technologically advanced solutions to the ever increasing demands of compliance within the financial industry .”
“ RegTech promises to disrupt the regulatory landscape ”
— Deloitte
OCTOBER 2020