IIF Authors

Status: Will be live at 03/22/2016 00:00

Regtech in Financial Services: Solutions for Compliance and Reporting

Tuesday, March 22, 2016

"Regtech" is the use of new technologies to solve regulatory and compliance requirements more effectively and efficiently. In the report "Regtech in financial services: Technology solutions for compliance and reporting," the IIF identifies those areas in compliance and reporting where regtech can have the largest benefits, such as risk data aggregation, modeling and real-time transactions monitoring. We discuss which new technologies, such as machine learning, artificial intelligence, and cell-level security, are particularly promising in tackling compliance challenges. Lastly, we identify barriers to the adoption and development of regtech and suggest a role for the financial services industry, regtech ventures and regulators around the world to promote the use of regtech.