Regulation spans the width and breadth of the financial services industry – from front-office regulation dealing with Know-Your-Customer (KYC) to those related to capital management. Every working of the industry is rigorously monitored and regulated to ensure security and stability. Regulatory technology (RegTech) has often come to the rescue of financial institutions in easing and simplifying the burden of compliance. This report aims to understand how RegTech has sparked a digital transformation of regulatory compliance within financial institutions.
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