RegTech’s Spillover: From Technological Infrastructure to the Epitome of Private Governance
Anastasia KONINA, ”RegTech's Spillover: From Technological Infrastructure to the Epitome of Private Governance”, Cyberjustice Laboratory Blog (July 24, 2018).
The Institute of International Finance (the “IIF”) defined RegTech (short for “regulatory technology”) as the use of technologies by the financial regulators and the regulated industries to solve their compliance tasks effectively and efficiently. Therefore, we talk about RegTech every time we invoke technology-meditated compliance – machine learning and robotics, cryptography, biometrics, distributed ledgers, and shared utilities – with a myriad of domestic and global data-laden regulations. RegTech started as a compliance-driven segment of FinTech, a shorthand for the application of technology to finance and for the industry that provides this service.
This content has been updated on 3 September 2020 at 13 h 29 min.