RegTech phenomenon has characterized the process of compliance and risk management through an..... infusion of automation, AI, and blockchain solutions. This vertical includes AI-based compliance monitoring, fraud detection, data privacy management, and regulatory reporting. Some of the specific topics are anti-money laundering (AML), know-your-customer (KYC), and automated risk assessment tools. Financial institutions, healthcare providers, and corporates use RegTech to help satisfy the ever-changing regulatory landscape while cutting operational costs and reducing risk. Big data analytics, cloud-based regulatory solutions, and machine learning add the visibility, accuracy, and efficiency required for regulatory processes. As the global regulatory environment has been slowly but steadily becoming a very complex creation, RegTech innovations continue to define the future of compliance and governance.Read More
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