Compliance Survey Finds Data Management Challenges, Rising Costs and Increasing Uptake of RegTech

A recent study of financial services firms found that data management is one of the most widely experienced compliance challenges. Regulatory technology (RegTech) firm SteelEye recently surveyed 170 U.S. and U.K. compliance and operating officers at banks, as well as buy- and sell-side firms, to learn about compliance challenges, compliance program priorities, staffing, expenditures and costs, uptake of RegTech, AI and machine learning, and the impact of Brexit. This article discusses the key findings from the study, with insights from SteelEye CEO Matt Smith. See “How CCOs Can Avoid Personal Liability for an Organization’s Compliance Failures” (Dec. 2, 2020).

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