Why are Regulatory Technologies (RegTech) gaining prominence?
The Future of RegTech
RegTech uses many cutting-edge technologies such as artificial intelligence, big data, cloud computing, machine learning, to name a few, which ensure companies are more effective in reaching regulatory compliance. RegTech has helped to minimize the risk of human error by automating the processes.
In terms of future trends, it is estimated that spending on RegTech will rise by an average of 48% per annum over the next five years, rising from $10.6 billion in 2017 to $76.3 billion in 2022, according to a report from Juniper Research. rising from $10.6 billion in 2017 to $76.3 billion in 2022, according to a report from Juniper Research. Discover how EQS Group can support your company in meeting your regulatory requirements.