Technological advancements are inevitable. From the first stone tool, the discovery of the uses of fire, forging metals, farming, the Industrial Revolution to the information age; we have been consistently inventing tools to make our lives easier. Artificial Intelligence is one such tool. The term ‘Artificial Intelligence’ was first coined in 1956 by a Dartmouth...
Tag: regulatory technology
RegTech as a Driver for Regulatory and Compliance Cost Reduction
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...
Why the Banking Industry is Investing in RegTech
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...