Keeping Regtech in Context
RegTech applies best in situations where a firm needs to process a high volume of transactions, at lower cost, at speed, and at scale. But before a firm is ready for the benefits of RegTech, it needs a regulatory strategy. Regulatory strategies require complex decision-making and planning, especially for an innovative business model. Such complexity goes far beyond the scope of what automation can deliver today. The scenario of RegTech handling compliance end-to-end from inception to execution seems still some time away.