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.

IIF Authors

Andrés Portilla

Andres Portilla - IIF
Andrés
Portilla
Managing Director, Regulatory Affairs
+1-202-857-3645
aportilla@iif.com

Kristen Silverberg

Kristen Silverberg - IIF
Kristen
Silverberg
Managing Director
+1-202-857-3317
ksilverberg@iif.com

Conan French

Conan French - IIF
Conan
French
Senior Advisor for Innovation and Fintech
+1-202-857-3624
cfrench@iif.com

Share