Regtech: when rules meet technology
Regulation technology has been on the rise as companies seek out ways to streamline their business. This responsive technology has allowed companies to increase their responsiveness towards regulatory changes and possible threats. Since they are designed to adapt dynamically to new requirements in an almost immediate manner means they are capable of reducing possible compliance and safety breaches, as well as reducing costs and the number of false positives. All of which means businesses can focus not only their time but also their money on more important issues that work towards better customer experiences.