Industry News
4 July 2024

TechRound ⁠-⁠ Why Compliance Officers Need to Adopt RegTech Solutions

A highly insightful piece from techRound outlining the function of several innovative regtech tools, and why compliance officers need to adopt them.

The Bank of England highlights that regulatory reporting is a significant burden to UK banks, costing them a minimum of £2 billion to £4.5 billion annually. Yet, despite a year of unrivalled overhaul for trade reporting, investment in compliance has actually dropped since last year.

To read the article in full, click here.

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