No Match Found
Rising compliance costs along with regulators’ and the industry’s growing interest in automation have created an environment ripe for disruption by emerging RegTechs, the innovative technologies that are addressing regulatory challenges in the financial services world. While many banks already have regulatory and compliance-focused technology in place, RegTechs help banks become more competitive by providing sustainable and efficient solutions that automate the processes banks use to meet their regulatory expectations.
RegTech, however, is more than just an enhanced version of current risk and compliance solutions; many emerging RegTechs are using cloud technology to deliver solutions involving machine learning, big data analytics, and natural language processors to aggregate and analyze bank data and to detect, predict, and mitigate risks to the organization.
To learn more about PwC’s views on RegTech, review our publications below or contact one of our US RegTech professionals.
PwC is playing a critical role across the RegTech ecosystem. We have gathered insights from financial institutions, RegTech innovators, investors, trade associations and global regulators to develop our RegTech assessment and adoption framework. This framework outlines a comprehensive process for assessing the RegTech landscape and integrating emerging solutions into the organization through agile methodologies.
Potential RegTech technologies should leverage innovation labs and venture capital arms to perform business and technical due diligence, refine a targeted use case, and develop the implementation roadmap to drive change in the organization. This can provide a starting point for the RegTech journey, as firms leverage emerging technologies to transform the risk and compliance organization.
Global Senior Regulatory Advisor, PwC US