What’s the Future of RegTech?

There’s a bright future ahead for RegTech. As we’re shifting towards this fourth industrial revolution led by technology, all industries are going to be transformed and move towards digitization in some shape or form. It’s going to be critical to have checks and balances in place with this type of technology coming down the line, especially because this transformation will have financial implications, economic implications, and ethical implications. RegTech is going to be embedded across the board to ensure those checks and balances are there, that the processes are cost efficient and streamlined, and to take the compliance and resource burdens away.