In recent years, regulatory technology (Regtech) has emerged as a response to the growing complexity of compliance requirements in various industries, utilizing technology to address compliance demands more efficiently, accurately, and cost-effectively.
Traditional compliance processes are frequently manual, time-consuming, error-prone, and resource-intensive. With ever-increasing regulatory requirements, organizations have found it challenging to meet compliance obligations while preserving operational efficiency. By utilizing innovative technologies to automate compliance tasks, improve data analysis, and deliver real-time insights, regtech can meet this demand.
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