Regulatory technology (RegTech) might have started as a way for the financial services industry to deal effectively with myriad new directives and regulations, but today it is the catalyst for a host of strategic applications.
Banks have seized on the potential of a RegTech-driven approach at a challenging time in the industry. Low-interest rates and post-credit crisis strategic anxiety have combined to motivate senior executives to look for ways to get the most out of their operating infrastructures.
This white paper examines the results of a recent Risk.net RegTech survey and explores how banks can get off the compliance treadmill and focus on building their business. It further looks at how RegTech is playing a role in helping them to do just that.