RegTech: advanced technology for compliance has been saved
RegTech: advanced technology for compliance
Use of emerging technologies in the adherence, implementation and monitoring of regulatory aspects
In the era of Industry 4.0, due to technological innovations such as robotics and process automation (RPA), cloud computing, blockchain, machine learning, big data, and analytics, it has become indispensable to keep pace with the dynamism the modern age demands. These tools provide more accurate information, drive efficiency in regulatory controls, and enable a proactive view of emerging risks.
Always alert of changes in the business environment, Deloitte has developed a differentiated approach to guide companies in the modernization of their regulatory compliance structures. Our RegTech methodology combines the application of new technologies with a profound market know-how to address regulatory issues.
Key benefits of RegTech:
- Process optimization;
- Strengthening data security;
- Reduced costs of regulatory compliance activities;
- Focus of professionals on analytical activities;
- Increased stakeholder confidence.
Global third-party risk management survey 2021
Gaining ground: A digital path to third-party oversight
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