Regulatory Technology (RegTech)

Regulatory Technology (RegTech) refers to the use of advanced digital tools and software to help financial institutions and companies comply efficiently with laws and regulations. It uses technologies like automation, data analysis, and artificial intelligence to monitor, report, and manage compliance tasks. This reduces the risk of errors, saves time, and lowers costs associated with following complex regulations. Essentially, RegTech streamlines the compliance process, making it more effective and easier to keep up with evolving legal requirements in finance and other regulated industries.