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Financial RegTech: Opportunities and ObstaclesToday, as regulations for financial institutions continue to grow, organizations are continuing to turn to regulatory technology or RegTech to help them stay compliant without increasing costs.

This ebook takes an in depth look at some of these new technologies (including natural language processing, robotic process automation, and machine learning) how they can be applied, and the obstacles and opportunities associated.

"Struggling to keep up with the myriad of ever-changing regulations, FIs have been hit with heavy fines and aggressive consent orders. Since 2008, global regulators have levied over $321 billion in fines for regulatory violations. Despite rapid regulatory change and continued fines, for the first time in a decade, compliance staff hiring rates are expected to decrease. What’s changed? RegTech, or regulatory technology."

Financial RegTech: Opportunities and Obstacles



About the Author

CapTech Risk and Compliance Consultant Owen Kraft
Owen is a project manager and business analyst in our Charlotte, NC office with experience on risk and compliance-related projects, as well as with leading teams on internal tech challenge projects. On his client project work, Owen has experience with process mapping and improvement, reporting, ad hoc analysis, issue resolution, as well as stakeholder management, and has served as a team lead for multiple analysts. On his internal work, Owen has served as the primary project manager as well as business analyst on two innovation challenge (machine learning and augmented reality) teams, as well as serving as the primary project manager for the Risk and Compliance service offering.