RegTech

RegTech, short for Regulatory Technology, refers to the use of technological tools and solutions that help financial institutions and other regulated industries comply efficiently with laws and regulations. It leverages software such as data analytics, automation, and artificial intelligence to monitor, report, and manage compliance tasks, reducing costs and minimizing penalties. Essentially, RegTech simplifies complex regulatory processes, enhances accuracy, and improves response times, enabling organizations to stay compliant in a fast-changing legal environment while focusing more on their core activities.