RegTech Has Gone Beyond Being a Buzzword

A video created by Deloitte Consulting some moons ago aptly describes why Regulatory Tech or RegTech as it was affectionately called would go beyond being just a part of FinTech. In other words, it has moved way beyond being just a buzzword half-a-decade ago, thanks to ever-increasing costs of compliance coupled with the growing list of stringent regulations in the entrepreneurial world. Today there are several players who offer these solutions with real-time compliance analytics that support enterprises and regulators while protecting consumer interests. One such name is Bahwan CyberTek, a player that ideates on new regulations and risk management principles and brings innovative solutions to meet the ever increasing demands of compliance within the financial industry. In an exclusive interaction with CXOToday, Jaya Vaidhyanathan, President, Bahwan CyberTek, explains why RegTech is on the rise and why it matters in the age of compliance.