In a recent article, McKinsey & Company charts the rise of regulatory technology (RegTech) — digital tools that help financial institutions manage compliance, monitor risk, and streamline reporting — and argues the sector is poised for sustained growth.
The sector emerged in the aftermath of the 2008 crisis, when governments implemented stricter regulatory frameworks such as the Dodd–Frank Act and Basel III. At the same time, advances in AI, machine learning, cloud computing, and biometrics became more accessible, enabling the creation of tools that replaced manual compliance processes. By 2016, "RegTech" had entered common usage, and the RegTech Association was founded the following year.
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