RegTech is the new FinTech. How agile regulatory technology is helping firms better understand and manage their risks

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 some time with varying degrees of success. Increasing levels of regulation and a greater focus on data and reporting has however brought the RegTech offering into greater focus thereby creating more value for the firms that invest in these solutions. This article from Deloitte, based on research and interviews with RegTech companies, seeks to explore how firms can benefit from regulatory technology and in particular how they can leverage regulatory focused data to better understand and manage their compliance risks.