Enhanced supervisory technology (SupTech) with strong governance and skilled human oversight could well have important benefits for financial regulators around the in efforts to increase economic stability in their nations and around the globe, said a report prepared for the G20. “SupTech could improve oversight, surveillance and analytical capabilities, and generate real-time indicators of risk...
Highly regulated industries like the financial services industry have faced ever-increasing regulatory compliance obligations. Technology, such as artificial intelligence (AI), that can be utilized to innovate the manner in which these organizations operate can lead to additional challenges for regulatory compliance, and the regulatory environment can drastically impact innovation in these sectors. Regulatory compliance is...
“Knock knock” jokes can be funny, but if the regulator knocked on your door today, would you be smiling? If you were asked to prove exactly what an individual customer saw and did on your website, at a specified moment in time, could you? How long would it take, and how confident are you that...
RegTech is the emergence of new technologies in the regulatory space is offering financial services institutions growing possibilities to reduce costs and improve the quality of its regulatory response process, says Elmo Olieslagers, Managing Partner of Compendor. The financial services industry continues to face a growing volume of regulatory change, as both international and domestic...
Compliance is king in financial services The regulations faced by the banking industry are so layered and complex that they can often seem impossible to keep track of. Given the ever-evolving regulatory landscape, it can be difficult to ascertain whether an investment is going to result in a profit or cost several times its worth in...