Understanding RegTech for Digital Regulatory Compliance [chapter]

Tom Butler, Leona O'Brien
<span title="2018-12-07">2018</span> <i title="Springer International Publishing"> Disrupting Finance </i> &nbsp;
This chapter explores the promise and potential of Regulatory Technologies (RegTech), a new and vital dimension to FinTech. It draws on the findings and outcomes of a five-year research programme to highlight the role that RegTech can play in making regulatory compliance more efficient and effective. The chapter presents research on the Bank of England/Financial Conduct Authority (FCA) RegTech Sprint initiative, whose objective was to demonstrate how straight-through processing of regulations
more &raquo; ... d regulatory compliance reporting using semantically enabled applications can be made possible by RegTech. The chapter notes that the full benefits of RegTech will only materialise if the pitfalls of a fragmented Tower of Babel approach are avoided. Semantic standards, we argue, are the key to all this.
<span class="external-identifiers"> <a target="_blank" rel="external noopener noreferrer" href="https://doi.org/10.1007/978-3-030-02330-0_6">doi:10.1007/978-3-030-02330-0_6</a> <a target="_blank" rel="external noopener" href="https://fatcat.wiki/release/hexsuuzhnnbolbbtz6dpuc3m7y">fatcat:hexsuuzhnnbolbbtz6dpuc3m7y</a> </span>
<a target="_blank" rel="noopener" href="https://web.archive.org/web/20190503123159/https://link.springer.com/content/pdf/10.1007%2F978-3-030-02330-0_6.pdf" title="fulltext PDF download" data-goatcounter-click="serp-fulltext" data-goatcounter-title="serp-fulltext"> <button class="ui simple right pointing dropdown compact black labeled icon button serp-button"> <i class="icon ia-icon"></i> Web Archive [PDF] <div class="menu fulltext-thumbnail"> <img src="https://blobs.fatcat.wiki/thumbnail/pdf/76/06/7606a750c33bdabfae1cb89f0199faca28f5ce4b.180px.jpg" alt="fulltext thumbnail" loading="lazy"> </div> </button> </a> <a target="_blank" rel="external noopener noreferrer" href="https://doi.org/10.1007/978-3-030-02330-0_6"> <button class="ui left aligned compact blue labeled icon button serp-button"> <i class="external alternate icon"></i> springer.com </button> </a>