A typical financial services firm dedicates 15%-20% of their annual budget to governance, risk and compliance. In the near future it may become impossible (or prohibitively expensive) to meet regulatory demand for data using manual, paper-based processes.
Click on RegTech: 2020 And Beyond (April, 2017) to open a report on this important issue.
The article addresses a number of key areas, including:
- Regulatory demand for more data, and faster than ever before.
- Implications of the global increase in data protection regulations, including the Data Protection Directive set to be implemented in the EU in 2017.
- Balancing process automation and data privacy.
- Using automation to drive down costs, and gain a competitive edge over companies that have not yet invested in regulatory technology.
Enjoy this timely report. And don’t hesitate to reach out to the InnReg team for an analysis of your own regtech requirements and options.