RegTech for small financial institutions

    What is RegTech?

    Regulatory technology (“regtech”), a subset of financial technology (well known as “fintech”), seeks to achieve better regulatory outcomes through the use of technology. Regtech has been used by financial institutions for decades; for example, WorldCheck, a well-known tool used to screen customers. In recent years, regtech gained increasing traction among financial institutions for the efficiency and effectiveness that it brings to financial services businesses.

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