The first in a series of blog posts dedicated to “the new compliance normal.”
Enterprise software applications have proven effective at flagging possible noncompliance events. But once a particular exchange is flagged, compliance managers are largely the ones responsible for following through with the necessary investigation.
During 2018 I was fortunate enough to have been working with financial institutes from all across the globe, and it would be “old news” if I said that RegTech solutions are in higher and higher demand. Regulatory constraints, on the one hand, client expectation for frictionless experiences on the other, and tangible, ever-growing cybersecurity threats that target financial institutes primarily (for a variety of reasons), together make a powerful combination that cannot be ignored.