Regulatory technologies (RegTech) are an emerging trend in the banking sector. The global regtech market size is projected to grow to $85,92 billion to 2032.
The market expansion is driven by the rapid adoption of advanced technologies and the need of banking business to address increasingly complex regulatory requirements.
Since regulations become more complex, and change frequently, human compliance managers find it hard to address all the compliance requirements. [Read more…] about How Regulatory Technology Impacts Banking Compliance