Perspectives

Tapping into Technology that Goes Beyond Compliance

Virtusa xLabs
Report

Unlocking the potential of AI for risk solutionsUnlocking the potential of AI for risk solutions

In recent years, the banking sector has been buffeted by financial and other penalties in relation to money laundering, fraud, mistreatment of customers, and market misconduct. Managing the tsunami of new regulatory challenges unleashed since the 2008 crisis requires a fresh approach above and beyond legacy solutions. Enter AI-driven RegTech, the emerging technology with the powerful potential to both address regulatory challenges and stimulate innovative digital transformation. It offers new ways to boost the effectiveness of regulatory compliance bringing more workflow control, greater transparency, better data quality, and significant cost reductions.

Download the report to learn about:

  • What the AI-driven RegTech is and its advantages
  • Cost savings linked to replacing legacy systems with RegTech
  • Drivers of RegTech growth

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