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Financial Firms Increasingly Adopting RegTech

Financial Firms Increasingly Adopting RegTech

by Starling Insights

Starling Insights Editorial Board

Feb 21, 2023


A recent survey by Thomson Reuters Regulatory Intelligence (TRRI) found that financial service institutions are increasingly deploying financial technology (fintech) and regulatory technology (regtech), with 42% and 38% of institutions increasing budgets for these technologies, respectively.

Adoption covers a wide array of use cases. For example, 16% of respondents utilize regtech for compliance monitoring, and 14% employ regtech solutions focused on financial crime, sanctions, and anti-money laundering.

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