Understanding Regulatory Technology: Current Uses and Deployment Considerations

Although regulatory technology (RegTech) can assist financial services companies in effectively complying with laws, it also raises new challenges. FINRA’s 2019 RegTech Conference, which featured regulators, financial services firms and RegTech experts, considered the growth of RegTech and its associated benefits and challenges. This article, the second in a two-part series, covers the portions of the conference that explored current uses of RegTech by regulated entities and regulators, deployment considerations and a case study of RegTech implementation. The first article examined artificial intelligence and big data, blockchain, RegTech challenges and regulators’ views on RegTech. See also “FINRA Emphasizes the Importance of Proper Electronic Record Storage in Enforcement Actions” (Jan. 25, 2017).

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