RegTech: the financial crime-fighting sidekick

A warning from the regulator about inadequate compliance protections around personal account dealing is a reminder of the benefits provided by automated assistance, suggests Patrick Conroy.

Patrick Conroy is managing director at ACA Compliance Group (www.acacompliancegroup.com).

Regulatory technology, or ‘RegTech’, is often seen as the less exciting version of its trendy FinTech counterpart; the Robin to its Batman, if you will. But RegTech, which sits at the convergence of emerging technology and new regulatory requirements, can transform a firm’s compliance programme and protect the firm from evolving regulatory risk.