How to use RegTech and make regulatory compliance your strategic advantage It’s difficult to imagine a world without the internet or mobile devices. They’ve become core elements of our lifestyle and have brought a high degree of disruption to virtually every area of business. The financial services (FS) industry is no exception; the digital revolution is transforming the way customers access financial products and services. Although the sector has experienced a degree of change in recent years, the constant penetration of technology-driven applications in nearly every segment of FS is something new. One such segment is regulation. At the intersection of regulation and technology lies a phenomenon that has been accelerating the pace of change and is reshaping the industry’s status quo—it’s called RegTech. The RegTech landscape is evolving and organizations are asking the following questions to better understand how to leverage RegTech to be more effective, efficient and competitive in the marketplace: • What’s the need for RegTech solutions? • What does the current global RegTech ecosystem look like? • How can RegTech transform core regulatory processes? • What are the next steps as we explore and embrace RegTech? The changing landscape How to use RegTech and make regulatory compliance your strategic advantage 2
