Regtech can best be described as the use of a range of different technologies to help organisations meet compliance requirements efficiently. Typically it includes technologies like analytics, robotic process automation, machine learning, natural language processing, and, of course, cloud. Yes, all the buzzwords. The outcome should be faster, smoother compliance. Inevitably there should also be reduced generation of paper, easier access to documentation and the elimination of silos. Ultimately, regtech gives organisations a single source of truth for compliance management.
Regtech and the elimination of paper at IT Pro