WHAT IS REGTECH?

Regulation Technology or RegTech encompasses any technological innovation that helps improve efficiency and transparency in regulation. It encompasses 4 Key Characteristics: Speed, Agility, Analytics & Integration. 

SPEED

Reports can be
configured and
generated quickly

AGILITY

Cluttered and intertwined data sets can be organised through ETL (Extract, Transform, Load) Technology 

INTEGRATION
ANALYTICS

It offers short
timeframes to get the
solution up and
running

Analytic tools intelligently mine existing "big
data" data sets and unlock their true potential 

DECREASE COSTS

Drving down the cost of compliance through simplification and standardisation of processes 

Assist firms to identify risks and issues through scenario analytics and horizon scanning for new regulations

LINK CONTROLS AND FRAMEWORKS

SUSTAINABLE & SCALABLE SOLUTIONS

IDENTIFY

RISKS & ISSUES

Allow controls and risk framework to be linked seamlessly as RegTech solutions work with

enterprise-wide governance and risk platforms

Financial Institutions
Develop RegTech strategy and
roadmap and adopt solutions

RegTech Firms
Understanding of engagement between business and regulators to help develop solutions

Regulators
Encourage dialogue and gather market views to promote innovation and create common 

standards

Professional Services
Responsible for understanding the requirements and solutions in the ecosystem 

Utilise solutions to allow flexibility and growth to move away from rigid risk management systems

$80 billion is currently spent on governance, compliance and risk, with the market expected to grow to $120 billion within five years.

Between 2009 and 2015, the fines and settlements amounted to $204 billion

On average, financial institutions have 15% of their staff dedicated to compliance

Compliance costs represented 3% of total expenses for banks with assets between $1-10 billion and 9% for banks with less than $100 million.  

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