RegTech – Digitalisation of regulatory requirements
RegTech is a new regulatory technology that aims at addressing regulatory challenges in financial services by using innovative technology solutions. This new sub-area of FinTech leverages artificial intelligence (AI), cloud computing, big data and blockchain technology to save financial institutions significant time and resources and ensure that they meet the current regulatory requirements. It ensures that the business works more efficiently and is more cost-effective, even under the steady increase in regulatory requirements and enforcements.
Investment compliance (IC) is one of the most important risk mitigating activities of any investment management firm. The risks arising from the violation of investment restrictions, including resulting reputational risks, can be significant. In addition, the disbursements in the event of a violation can substantially harm profitability. The regulatory requirement for the quality of investment compliance, both in terms of auditing and documentation, has increased noticeably in recent years.
etac, developed by our business and software development experts, is an innovative industry-standardised and sustainable solution for our customers and the answer to the aforementioned challenges.