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EU watchdog takes deep dive into banks' use of tech

The European Union's banking watchdog warned on Tuesday that banks' increasing reliance on 'RegTech' technology to automate fraud checks and submit data to regulators might need uniform regulations to promote wider adoption.

However, according to the EBA, the lack of consistent regulatory standards across EU states for a growing subsector might hinder further market adoption of RegTech.


Read the full article here.


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