Title: Emerging Reg Tech Trends: The Future of Compliance
About the event: Regulatory Technology popularly recognized in the financial market at RegTech has now cemented its position in the financial services industry. RegTech solutions are integral tools in today’s constantly changing regulatory landscape, increased scrutiny and increasing digitization of financial institutions. The year 2023 recorded an estimated global sale of RegTech’s market value of almost $13 billion and is now projecting an elevated growth of about $82 billion in 2033. Almost every financial institution today leverages RegTech to solve top governance issues, including accountability, transparency and adherence to regulatory standards. Financial institutions are required to put in place robust governance structures to meet the evolving standards. RegTech solutions emerge as a powerful tool to streamline governance processes by enabling real-time monitoring, improved reporting power and tools to accelerate compliance checks.
SkillSchool invites every interested individual to join the journey of dissecting key RegTech trends that will shape 2025 and beyond. The event aims to delve into the factors that pushed the increasing adoption in the financial industries.
What’s in it for you?
The event explores the key trends dominating the financial industries and how these emerging tools are shaping the future of complaince. Delve into the following aspects:
Artificial intelligence and Machine Learning: Learn how AI and ML play substantial roles in expediting complex compliance processes like monitoring customer due diligence and transaction, and fraud detection. Regulatory compliance is no exception to how AI and ML are impacting and transforming all aspects of businesses. With their ability to process and analyze huge volumes of data accurately and quickly, AI and ML are revolutionizing the operations of a compliance department. Dive into how AI is increasingly improving the compliance checks accuracy by training on historical data and generation of potential predictions of compliance breaches. Explore the nuances of how sophisticated ML methods are churning to minimize false positives in compliance alerts.
Regulatory security and transparency with Blockchain: Dig into the application of Blockchain’s decentralized ledger serves as a valuable tool for enhancing transparency and security for transactions in financial institutions. Blockchain ensures tamper-proof records aids organizations in maintaining compliance data integrity, and mitigates risks of errors and fraud.
Higher Scalability with Cloud-based RegTech: Learn how cloud-based RegTech are the go-to option for financial institutions to increase flexibility and scalability. Cloud computing allows quick and efficient deployment of regulatory compliance without extensive investments in infrastructure. Financial institutions are reaping the advantage of unparalleled scalability offered by cloud-based RegTech solutions, enabling easy adaptability to the evolving regulations and requirements of all financial institutions regardless of size. From easy adaptability to seamless sharing of compliance data, cloud-based RegTech has become an inevitable tool for easy collaboration between departments and organizations.
AI-Powered Solutions for Data Privacy and Protection: Data Privacy has become a priority for every financial institution. Explore how RegTech solutions are offering solid privacy and ensure secure handling of customer data and adherence to privacy laws. Explore the diverse aspects including secure storage, encryption, and real-time monitoring tools that are empowering financial institutions today. AI-driven RegTech solutions are playing vital roles in identifying unauthorized access and potential data breaches, further allowing quick response and risk mitigation.
