Learning Objectives:

  • Define RegTech and understand its role in banking.

  • Explain the key applications of RegTech in compliance.

  • Analyse the benefits of automation in regulatory reporting.

  • Understand the future trends in RegTech.

6.1 What is RegTech?

RegTech (Regulatory Technology) refers to the use of technology to facilitate the delivery of regulatory requirements more efficiently and effectively. The LSBA programme covers “Regulatory Technology (RegTech) and Compliance Tools” as a core topic . The University of Sussex module covers “regulatory frameworks” and the “impact of technology” on banking .

Key RegTech Applications:

  • Compliance Monitoring: The LSBA programme covers “Compliance Tools” .

  • Regulatory Reporting: The LSBA programme covers “Regulatory Technology (RegTech)” .

  • Risk Management: The ADGM Academy programme covers “risk” as part of its Open Banking curriculum .

  • KYC/AML: The LSBA programme covers “Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Compliance” .

6.2 RegTech Applications

Compliance Monitoring:
The LSBA programme covers “Cybersecurity and Risk Management in Digital Banking” and “Regulatory Technology (RegTech) and Compliance Tools” .

Regulatory Reporting:
The LSBA programme covers “Regulatory Technology (RegTech) and Compliance Tools” .

KYC and AML:
The LSBA programme covers “Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Compliance” .

6.3 Benefits of Automation in Regulatory Reporting

Key Benefits:

  • Efficiency: Reduction in manual effort.

  • Accuracy: The LSBA programme covers “RegTech” and “Compliance Tools” .

  • Speed: Faster reporting and compliance.

  • Cost Reduction: Lower compliance costs.

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