Regulatory Technology for the 21st Century

White Paper by the World Economic Forum: “Regulation is central to government’s management of complex systems. However, if designed or applied ineffectively, regulation may trigger significant losses, impose unnecessary financial burdens and stifle innovation. Regulatory Technology (RegTech), is the application of new technological solutions to in set, effectuate and meet regulatory requirements. This white paper explores the value of RegTech through a series of case studies and identifies the 7 common success factors that help define best practice deployment of RegTech. It provides government and business with a roadmap to start implementing RegTech without having to upend or rewrite entire regulatory and compliance frameworks to begin the journey…(More)”.