Understanding the Value of Enterprise Compliance Technology

The increasing costs and complexities of compliance and the intensifying competition for financial professionals and compliance staff are pushing financial services firms to adopt regulatory technology.  The RegTech market has expanded from 150 vendors to more than 400 within just four years as firms seek effective and efficient solutions to their compliance and regulatory needs.

Firms reduce regulatory risk and increase operational efficiency by replacing manual processes, internally built systems, off-the-shelf software that has been modified for compliance needs or some combination thereof, with built-for-purpose, integrated enterprise solutions for needs such as licensing and registration, conflict of interest disclosure review and administration, oversight and risk management and supervisory policies and procedures.

To understand the value of enterprise technology, a firm must evaluate its effectiveness and efficiency in meeting a firm’s regulatory and compliance needs and assess the impact that it makes in recruiting and retaining top talent by offering an experience that emphasizes ease of use and the elimination of manual tasks.

This peer-reviewed article from an international trade journal offers a detailed look at quantitative and qualitative benefits that a firm should consider in evaluating the effectiveness, efficiency and experience of a built-for-purpose enterprise compliance and licensing platform. “Understanding the value of enterprise compliance technology”, Adam Schaub – RegEd VP of Product Management, was published in full in the Journal of Securities Operations & Custody Volume 14 Number 1 (© Henry Stewart Publications).

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