For banks to be able to fulfil the regulatory requirements in an environment of increasingly numerous and complex regulations, it is no longer sufficient to modify existing manual processes or deploy additional resources. In the course of the general digitisation trend in the financial sector and, in particular, the banking sector, it is not surprising that technological solutions are not only on the increase at the customer interface, but increasingly also in the risk management and compliance areas. These technological solutions, and the companies that offer them, are often referred to using the collective term RegTech.
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IT and business manager