AiThority.com Primer on What is RegTech: Definitions, Stats and Tools

In the last 10 years or so, global financial institutions and regulatory bodies have come together to unleash a battery of regulations for Banking, Insurance, and Micro-economies. The advancement of new technologies such as AI, Machine Learning Engineering, Big Data, Cloud and Edge Computing, Blockchain and Crypto, and low-code DevOps, have heavily disrupted the RegTech industry. This primer dives deep into the world of Regulatory Tech, or RegTech which is disrupted by the new emerging technologies. But, first, let's learn some basic definitions and industry trends. In a recent blog, Brian Clark, CEO of Ascent had said that RegTech is slated to become mainstream, even as early adopters begin "to see the actual, tangible benefit" these RegTech tools can provide.