Using RegTech for Compliance Efforts and Potential Benefits of Emerging Technologies

While it can be challenging to keep up with the rapid expansion of regulatory technology (RegTech) functions and applications, RegTech can help compliance officers to be more efficient and effective at overseeing their companies’ practices. This second article in a two-part series details compliance functions that can be addressed using RegTech, along with some promising emerging technologies, as discussed at a recent ACA Compliance Group webinar. The first article discussed how RegTech has been adopted by firms and regulators in recent years, as well as potential future trends in the area. See our two-part series on FINRA’s RegTech conference: “Digital Identification, Suspicious Activity Reporting and Machine Learning” (May 29, 2019); and “AI, RegTech Adoption and Compliance Challenges” (Jun. 5, 2019).

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