RegTech from horizon to controls

Published: Oct. 12, 2021, 9:12 a.m.

Fixing the disjointed nature of regulatory control management has become an imperative for regulators and their patience is wearing thin. Huge volumes of detailed new rules has created an army of \u2018horizon scanners\u2019 who struggle to work across the silos and auditors are often disappointed with the resulting controls.

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NextGen RegTech control solutions are available in the market who can introduce \u2018end to end\u2019 solutions. However, buyers need to wary of some AI salesmen that promise the world but can\u2019t deliver a system that meets all business needs. We also need joined up thinking across the tribes \u2013 including the firms, regulators and RegTech suppliers.