FINRA RegTech Conference Reviews Current Uses of RegTech and Considerations Before Deployment (Part Two of Two)

Although regulatory technology (RegTech) can assist fund managers in effectively complying with laws, it also raises new challenges. FINRA’s 2019 RegTech Conference, which featured regulators, financial services firms and RegTech experts, considered the growth of RegTech and its associated benefits and challenges. This article, the second in a two-part series, covers the portions of the conference that explored current uses of RegTech by regulated entities and regulators; considerations before deploying RegTech; and a case study of RegTech implementation. The first article examined artificial intelligence and big data; blockchain; RegTech challenges; and regulators’ views on RegTech. For more on compliance technology, see “Developing a 2018 Compliance Budget: How Investment Advisers Can Make the Most of Limited Resources” (Dec. 21, 2017); and “How Hedge Fund Managers Can Use Technology to Enhance Their Compliance Programs” (Nov. 17, 2011).

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