APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    HOW REGTECH IS ADDRESSING NEW REGULATORY CHALLENGES

    Businesses across all the industries always try to stand through the market risks and rewards.  

    HOW REGTECH IS ADDRESSING NEW REGULATORY CHALLENGES

    By

    Apac CIOOutlook | Wednesday, August 19, 2020

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    FREMONT, CA: Businesses across all the industries always try to stand through the market risks and rewards. The new-age professionals, especially from the finance sector, understand the importance of strong regulatory management systems for their institutions. A perfect regulatory system can simplify the maintenance of compliance, improve the insights of operations and generated data, and open new revenue opportunities

    The rapidly emerging regtech has mostly attracted the attention of finance professionals in the past few years. From onboarding customers, monitoring operations, detecting risks, scheduled reporting to controlling financial assets, deployment of regtech upgrades the regulatory management systems of financial institutions to an entirely new level. Regtech allows finance professionals to monitor financial assets and manage multiple transactions more efficiently. With numerous business opportunities, the ever-growing finance market also brings various challenges related to rules and regulations. Addressing the new regulatory problems, regtech continues to streamline compliance workflow across the financial institutions.

    • Maintaining Data Quality

    Maintaining good data quality is one of the essential factors for risk aggregation. The latest regtech solutions are integrated with data analysis and artificial intelligence, which help finance professionals focus on their institutions' data quality to achieve a better selling point. In-depth features offered by regtech solutions can tackle the ongoing challenges of data quality.

    • Avoiding Regulatory Penalties

    Regulations like Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) are associated with costly fines, if not followed properly. Regtech solutions can help financial institutions avoid penalties by automatically monitoring and following up on the regulations. The automated features of regtech keep track of current regulatory practices of the institutions and highlight particular rules for updating if needed.

    • Identifying Risks and Forgery

    Regtech also plays the role of risk detection tools, especially for financial institutions, and eliminating any chance of forgery. Powered by innovative features, regtech solutions can smartly analyze the entire workflow and identify suspicious activities with advanced surveillance.

    Today, companies across the globe put efforts to understand and follow laws and regulations precisely. New technologies promise to bring transformation in the already existing ways. To keep an excellent track of changing laws and regulations, companies, especially from the financial sector, approach regtech solutions, and experience long-term regulation assessment. 

    See also: Top KYC Solution Companies

    More in News

    The Journey Towards Smart City Development

    The Journey Towards Smart City Development

    Harnessing Big Data Analytics to Enhance Business Strategies

    Harnessing Big Data Analytics to Enhance Business Strategies

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Impact of Digital Transformation on Retail

    Impact of Digital Transformation on Retail

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/how-regtech-is-addressing-new-regulatory-challenges-nwid-7683.html