FINRA RegTech Conference Examines Digital Identification, Suspicious Activity Reporting and Machine Learning

Financial services companies can use regulatory technology (RegTech) to enhance compliance with applicable laws and regulations through the use of automation, digitization and other information technology processes. During a recent FINRA conference focused on RegTech, regulators, financial services firms and subject matter experts explored the growth of RegTech and its associated benefits and challenges. This two-part series covers the second half of the FINRA 2019 RegTech Conference. This first article focuses on digital identification, suspicious activity reporting and machine learning. The second article will examine the benefits and challenges of artificial intelligence; approaches to the adoption of RegTech; and associated compliance challenges. For coverage of the first half of the conference, see our previous two-part series: “Understanding Regulatory Technology: Tools, Challenges and Regulators’ Views” (May 1, 2019); “Current Uses and Deployment Considerations” (May 8, 2019).

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