When FinTech meets RegTech – managing regulatory compliance with digital innovations
How can banks better manage one of the costliest and most troublesome activities – complying with regulations?
With FinTech taking the region by storm, RegTech (regulatory technology) has emerged as a separate industry sector from FinTech as regulatory compliance is time-consuming and expensive for both financial institutions and regulators – and it’s only going to get worse!
RegTech solutions try to address these challenges and are expected to go through a significant transformation under the effect of new technologies such as artificial intelligence, block chain, big data analytics, AI, biometrics and more.
RegTech MENA, held on 5th of December, Dubai, will provide a comprehensive understanding of the drivers behind the rapid rise of RegTech, what RegTech means for financial institutions today, and how the sector is likely to develop. It will provide essential learning for any company looking at the RegTech space as a way to manage their regulatory compliance tasks and reduce operational risks while saving money and time.