Regulatory Technology (Regtech) is a growing branch of Fintech. Innovative technologies have changed the financial market forever and are now also transforming the compliance and risk management departments of financial institutions through Regtech solutions that support, complement or replace these complex manual processes. This allows financial service providers to focus on their core business: providing financial services.
Regtech solutions translate structured and unstructured data into so-called decision rules that help to detect and prevent risks in time. Regtech helps to optimize work processes and make risk manageable by adapting and, where necessary, changing procedures. Risks can be monitored, as Regtech ‘sounds the alarm’ when it detects unusual patterns.
Regtech provides companies with a multitude of innovative cloud-based solutions that detect financial crime in a timely manner by analyzing available data and detecting unusual patterns in time using a wide range of innovative technologies…..
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