Today, as regulations for financial institutions continue to grow, organizations are continuing to turn to regulatory technology or RegTech to help them stay compliant without increasing costs.
This ebook takes an in depth look at some of these new technologies (including natural language processing, robotic
process automation, and machine learning) how they can be applied, and the obstacles and opportunities associated.
"Struggling to keep up with the myriad of ever-changing regulations, FIs have been hit with heavy fines and aggressive consent orders. Since 2008, global regulators have levied over $321 billion in fines for regulatory violations. Despite rapid regulatory change and continued fines, for the first time in a decade, compliance staff hiring rates are expected to decrease. What’s changed? RegTech, or regulatory technology."