The third technology supporting RegTech: Blockchain

[nurmohammadkhan]

This type of technology, specifically designed to ensure the automatic execution of specific actions, combined with the analytical capacity typical of machine learning, is perfect for performing another function that falls fully within the objectives of RegTech, that of control .

The use of Robotic Process Automation allows, in fact, to prevent incorrect or malta whatsapp resource worse fraudulent behavior, intensifying controls and making them more stringent both by regulators and by the internal control departments of a company.

Moreover, in this specific area, this level of automation brings significant advantages also because if it is combined with the Governance Risk and Control platforms, which are used to manage the information workflow, it is able to reduce the time and costs of controls, while at the same time increasing their effectiveness.



The third example of a technology closely linked to RegTech and which must be adopted by every company that wants to make compliance truly modern and efficient is Blockchain , an innovation that is undoubtedly the protagonist of the digital transformation undertaken in recent years by the financial sector and beyond.