RegTech

The 4th Thomson Reuters Regulatory Intelligence report has been published on fintech, regtech and the role of compliance in 2020. It explores the adoption and use of technology and its implications for compliance. The report also highlights the shifting role of the regulator and concerns about best or better practice approaches to tackle the rise…

The World Economic Forum have produced a white paper which explores globally which central banks are exploring the use of blockchain technology and those researching and experimenting with central bank digital currency (CBDC). Known for their caution and risk adverse approach, it is interesting to see how many central banks believe the technology may help…

Legal scholarship has been silent about a phenomenon with profound implications for governance: the automation of compliance with laws mandating risk management. Regulations and laws have required firms to develop processes to identify, assess and mitigate risk, and technology systems and analytics have been brought in to achieve this. While these technology systems offer powerful compliance tools, they…

This report, written in cooperation with the IIF Regtech Working Group, looks at the potential of new technologies to improve anti-money laundering and anti-fraud capabilities at financial institutions (FIs). Examples include the use of machine learning to improve detection of suspicious activity, robotics to automate analysis, biometrics, and distributed ledger to improve data sharing through…

“Regtech” is “the use of new technologies to solve regulatory and compliance requirements more effectively and efficiently. “ While regtech solutions are already being applied by financial institutions (FIs), the current innovations in technology and areas such as “fintech” indicate that we are only at the early stages of a regtech market, with more development…

Regulation is one of a number of services to receive the “Tech” treatment in recent times. As with its bigger brother FinTech, the definition of RegTech will mean different things to different people in this developing area. While the name is new, the marriage of technology and regulation to address regulatory challenges has existed for…