RegTech: Regulatory Intelligence & Risk Management and Assessment

This blog post is the third and final entry in our series on the five major areas of Regulatory Technology (RegTech) tools as determined by FINRA: surveillance and monitoring, customer identification and anti-money laundering (AML) compliance, regulatory intelligence, reporting and risk management, and investor risk assessment. If you missed our previous entries on how the financial services industry is using RegTech tools to keep up with their regulatory compliance requirements, they can be found at “RegTech: Surveillance and Monitoring” and “RegTech: Customer Identification and AML Compliance”. Our final entry will address the areas of regulatory intelligence, reporting and risk management, and investor risk assessment. Read More…

RegTech: Customer Identification and AML Compliance

Welcome to the second part of our three-part series on Regulatory Technology (RegTech) tools and the securities industry! As we discussed in our previous post, “RegTech: Surveillance and Monitoring,” more and more members of the financial services industry are using RegTech tools to effectively and more efficiently meet their regulatory compliance requirements. FINRA has identified five major areas in which RegTech tools are being applied: surveillance and monitoring, customer identification and anti-money laundering (AML) compliance, regulatory intelligence, reporting and risk management, and investor risk assessment. Today we will be focusing on customer identification and AML compliance RegTech applications.

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RegTech: Surveillance and Monitoring

In an effort to keep current with regulatory compliance requirements, many financial services firms are turning to regulatory technology (“RegTech”) tools to help them meet their obligations effectively and most efficiently. After discussions with over forty participants in the RegTech space, FINRA has provided a summary of how RegTech tools are being applied in five major areas: surveillance and monitoring, customer identification and anti-money laundering (AML) compliance, regulatory intelligence, reporting and risk management, and investor risk assessment. We will be tackling these areas across three different blogs. Our first area of interest is surveillance and monitoring. Read More…