The rise of digital products has increased data breaches, cyber hacks, money laundering, and other fraudulent activities. RegTech is a community of tech companies that solve challenges arising from a technology-driven economy through automation. RegTech reduces the risk to a company’s compliance department by offering data on money laundering activities conducted online with the use of big data and machine learning. It can perform activities that a traditional compliance team may not be accustomed to, due to the increase of underground marketplaces online. RegTech has the potential to be transformative in its reduction of compliance costs.
The rise of digital products has increased data breaches, cyber hacks, money laundering, and other fraudulent activities. RegTech is a community of tech companies that solve challenges arising from a technology-driven economy through automation. RegTech reduces the risk to a company’s compliance department by offering data on money laundering activities conducted online with the use of big data and machine learning. It can perform activities that a traditional compliance team may not be accustomed to, due to the increase of underground marketplaces online. RegTech has the potential to be transformative in its reduction of compliance costs.
The rise of digital products has increased data breaches, cyber hacks, money laundering, and other fraudulent activities. RegTech is a community of tech companies that solve challenges arising from a technology-driven economy through automation. RegTech reduces the risk to a company’s compliance department by offering data on money laundering activities conducted online with the use of big data and machine learning. It can perform activities that a traditional compliance team may not be accustomed to, due to the increase of underground marketplaces online. RegTech has the potential to be transformative in its reduction of compliance costs.