RegTech: Innovation to Enable Compliance

Regtech

RegTech: Innovation to Enable Compliance

 

What Is RegTech?

Rapid technological evolution in the financial services industry continues to gain pace. This new environment is challenging traditional financial institutions to meet consumer demand for digital solutions by accelerating innovation in-house and by partnering with financial technology, or fintech, companies.

FinTech companies are applying innovative technology and evolving business concepts to the challenges firms face. Of these challenges, one priority is managing regulatory risk and compliance. RegTech (regulatory technologies) are tools that enable firms to enhance their compliance capabilities while becoming more efficient and cost-effective.

Based on our analysis of the market, regtech is associated with the following key competencies:

What is RegTech?

RegTech as a Game Changer

In this video, Protiviti Managing Directors Tyrone Canaday and Vishal Ranjane discuss how RegTech is redefining the technological creation process to bring the efficiencies and effectiveness that banks really need right now.

RPA of the AML Know Your Customer (KYC) Enhanced Due Diligence (EDD) Process

In this video Protiviti discusses how financial institutions realize the importance of robust AML in financial crime compliance program. The AML Know your customer enhanced due diligence review process is one example.

 

 
 
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Vishal Ranjane, Protiviti
Vishal Ranjane
Managing Director
+1.704.998.0778
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