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RegTech phenomenon has characterized the process of compliance and risk management through an infusi... RegTech phenomenon has characterized the process of compliance and risk management through an infusion of automation, AI, and blockchain solutions. This vertical includes AI-based compliance monitoring, fraud detection, data privacy management, and regulatory reporting. Some of the specific topics are anti-money laundering (AML), know-your-customer (KYC), and automated risk assessment tools. Financial institutions, healthcare providers, and corporates use RegTech to help satisfy the ever-changing regulatory landscape while cutting operational costs and reducing risk. Big data analytics, cloud-based regulatory solutions, and machine learning add the visibility, accuracy, and efficiency required for regulatory processes. As the global regulatory environment has been slowly but steadily becoming a very complex creation, RegTech innovations continue to define the future of compliance and governance. Read More
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