Regulatory Technology (RegTech) Market Is Estimated To Grow At A CAGR of 21.3% During The Forecast Period

Regulatory Technology is the management of regulatory processes within the financial industry through technology. The main functions of Regulatory Technology include regulatory monitoring, reporting, and compliance. The objective of Regulatory Technology is to enhance transparency as well as consistency and to standardize regulatory processes, to deliver sound interpretations of ambiguous regulations and thus to provide higher levels of quality at lower cost.

Increased demand for third-party cyber risk management is boosting the RegTech market's expansion. According to the conclusions of the Financial Conduct Authority's (FCA) most recent technology and cyber resilience assessment, third-party vendors continue to pose significant risks to the businesses with which they do business. Companies must take a proactive approach to managing third-party risk by continuously performing due diligence on the vendors they work with. RegTech, particularly when used in conjunction with a reliable third-party risk management system, can aid in lowering the burden, risks, and expenses associated with managing the vendor life cycle. These benefits of RegTech are driving the market for regulatory technology ahead.

RegTech, as it is known, is a term that describes the rapidly adaptable, cost-efficient, and secure technology that helps businesses to meet the demands of growing regulatory reporting. It is spreading across all regulated industries, with a focus on the consumer products business and its primary use in the finance industry. RegTech seeks to make regulations more transparent, consistent, and standardised while also providing clear interpretations of murky rules and higher levels of quality at lower prices. Regulatory oversight, reporting, and compliance are among its key duties.

Companies in the regulatory technology (RegTech) solutions market are developing targeted regulatory and monitoring strategies to mitigate issues raised by technology-based models. Prioritizing risk-based and responsive regulatory approach plays a pivotal role in adopting technology-based models in regulatory governance.

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Global Regulatory Technology (RegTech) Market: Major Players
Deloitte Touche Tohmatsu Limited
International Business Machines (IBM) Corporation
Accuity Inc.
PricewaterhouseCoopers
ACTICO
London Stock Exchange Group plc
NICE Actimize
Jumio
MetricStream
Broadridge Financial Solutions

Global Regulatory Technology (RegTech) Market: Types
On-Premises
Cloud

Global Regulatory Technology (RegTech) Market: Applications
Risk and Compliance Management
Identity Management
Regulatory Reporting
Anti-money laundering (AML) and Fraud Management
Regulatory Intelligence

Global Regulatory Technology (RegTech) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Regulatory Technology (RegTech) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Points:
Define, describe and forecast Regulatory Technology (RegTech) product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

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