What is RegTech?

Regulatory Technology commonly referred to as “RegTech” is a subset of FinTech which uses information technology to enhance regulatory monitoring, reporting, and other compliance processes for the financial industry. RegTech concentrates on digitizing the current manual compliance processes, but RegTech has much more to offer the financial services industry. 

Who is RegTech for?

RegTech is for individuals, organizations and institutions that have the challenging task of managing regulatory change, monitoring agency updates and tracking enforcements, among others.

Financial services companies are facing a very dynamic and complex regulatory environment, with an average of 200 regulatory changes each day, up from 10 per day in 2008. Compliance teams struggle to determine the relevance of these changes and then how to comply. 

Solutions like Compliance.ai help to automate and streamline complex compliance activities and workflows to foster collaboration, transparency and trust across all stakeholders.

How Technology Helps Compliance Professionals

The use of artificial intelligence (AI) in the regulatory change management process is key to streamlining the process, saving time and controlling expenses.
Firms spend a significant amount of their budget on third-party vendors to research and synthesize regulatory materials, manually compiled by compliance professionals and counsel. Automation can reduce that spend.

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How Technology Helps Compliance Professionals

The use of artificial intelligence (AI) in the regulatory change management process is key to streamlining the process, saving time and controlling expenses. 

Firms spend a significant amount of their budget on third-party vendors to research and synthesize regulatory materials, manually compiled by compliance professionals and counsel. Automation can reduce that spend.

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Replace disjointed, manual processes with one automated tool that allows you to manage team activities, workflows and seamlessly integrates into your existing GRC software.

Workflow automation

Simplify and streamline complex processes - and say goodbye to spreadsheets - with intelligent workflows, shared folders, and automatic task assignments based on new regulatory changes and deadlines.

Collaboration tools

Monitor updates, delegate tasks, track notes and comments, and manage team activities - no email or spreadsheets required.

Seamless Integration

Connect the dots between compliance activities, risk assessments and policy management with seamless integration into your existing software systems.

To see how a RegTech solution like Compliance.ai can help your team streamline complex compliance activities and workflows to foster collaboration, transparency and trust across all stakeholders, schedule a demo of this award-winning SaaS platform, designed to better manage regulatory change.

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