Artificial Intelligence and RegTech Market- Artificial Intelligence and RegTech Due to Significant Investment in the BFSI Industry
Regulatory technology (RegTech) is a group of companies that help businesses to comply with regulatory challenges in the financial services sector by using innovative techniques. RegTech companies, financial institutions, and regulatory bodies work in collaboration with each other to meet the regulatory needs of financial authorities. RegTech utilizes advance technologies such as cloud computing and Big Data for sharing of regulatory information so as to identify, reduce, and avoid the risks of regulatory failure. For a long time, before the...
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