{"id":9291,"date":"2018-04-06T06:58:37","date_gmt":"2018-04-06T06:58:37","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=9291"},"modified":"2018-04-06T06:58:37","modified_gmt":"2018-04-06T06:58:37","slug":"the-rise-of-regtech","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/the-rise-of-regtech\/","title":{"rendered":"The rise of RegTech"},"content":{"rendered":"<p>RegTech is one of the latest trends in the financial industry. It arose as developers began seeing the need financial market players had for technological solutions to the increasing number and complexity of regulations. In particular, RegTech was developed to:<\/p>\n<ul>\n<li>Automate processes in accordance with current rules and regulations<\/li>\n<li>Simplify processes by generating conditional reporting that automatically updates itself<\/li>\n<li>Be efficient and rapid to respond by instantly incorporating new laws and regulations into reporting<\/li>\n<li>Solve real problems, in particular ensuring that reporting is always completed on time and in a standard and approved format<\/li>\n<\/ul>\n<p>Due to its convenience and accuracy, RegTech is becoming more and more popular the world over. Moreover, as states insist on transparency, speed and accuracy in reporting, RegTech will only become more ingrained as part of business as usual.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-9291 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='6 ways financial institutions in Singapore are using Big Data'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/6-ways-financial-institutions-in-singapore-are-using-big-data\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/11\/6-ways-financial-institutions-in-singapore-are-using-big-data-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-13959\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13959'>\n\t\t\t\t6 ways financial institutions in Singapore are using Big Data\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Gray swans that could disrupt the banking sector'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/gray-swans-that-could-disrupt-the-banking-sector\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/01\/gray-swans-that-could-disrupt-the-banking-sector-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-14333\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14333'>\n\t\t\t\tGray swans that could disrupt the banking sector\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='HR\u2019s turn to analytics'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/hr-s-turn-to-analytics\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/05\/hr-s-turn-to-analytics-e1556874171412-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12730\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12730'>\n\t\t\t\tHR\u2019s turn to analytics\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>RegTech is one of the latest trends in the financial industry. It arose as developers began seeing the need financial market players had for technological solutions to the increasing number and complexity of regulations. In particular, RegTech was developed to: Automate processes in accordance with current rules and regulations Simplify processes by generating conditional reporting &hellip;<\/p>\n","protected":false},"author":5,"featured_media":9292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[197,371],"class_list":["post-9291","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","tag-data","tag-regtech","b_post_type-bfc-recommends"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=9291"}],"version-history":[{"count":4,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9291\/revisions"}],"predecessor-version":[{"id":9441,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9291\/revisions\/9441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/9292"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=9291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=9291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=9291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}