Regulatory technology

Regulatory technology, Abrv: RegTech, is the use of information technology to enhance regulatory and compliance processes. RegTech is most usefully applied to heavily regulated industries and activities such as financial services, gaming, healthcare, pharmaceutical, energy and aviation.

Regulatory technology broadly seeks to produce cost savings to financial industry and government regulators through the course of their daily operations. To do so, regulatory technology platforms emphasize regulatory monitoring, reporting and compliance, and aims to enhance transparency to remove ambiguity from regulations and provide higher quality outcomes at a lower cost.

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