In today’s world, regulatory measures are deeply integrated into the life cycle of all financial institutions, be it in insurance, banking, or asset management.
The UK has long been recognised as a global thought leader in financial regulation, so it is no surprise that both the Financial Conduct Authority and the Bank of England have been proactive in their approach to technological innovation.
The City of London Corporation's new report 'UK Regtech | Success Stories', authored by Dr Sian Lewin, showcases the benefits of RegTech by presenting successful examples of implementation which have helped UK firms to cut compliance costs, be more efficient, and save time and resources.
RegTech adoption can enhance the competitiveness of the UK financial services sector and make it a safer and stronger place to do business.
Download the full report HERE.