A Tech-Stitch to Compliance – The RegTech Story

Ever since the global financial crisis in 2008, banks and financial institutions have been subjected to a constantly increasing level of regulatory scrutiny – rough estimates suggest that there has been 500% increase in regulatory changes in the developed markets. The cost of compliance continues to increase, and so do the hefty penalties for misconduct. The existing compliance practices are proving to be increasingly ineffective with challenges arising at multiple fronts – from silos of unstructured data, inefficient processes, inadequate analytical capabilities, and incompatibility of metadata to poor interpretation of rule changes ...

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