Press
Monday 29th January 2024

How 2024 will be a Monumental Year with Evolving Regulatory Requirements

By Leo Labeis, CEO at REGnosys.

This year will be uniquely busy with numerous changes to global reporting regimes. This article explores the changes firms need to be aware of and how RegTech solutions can help them stay ahead of the curve.

RegTech is one of the fastest advancing areas of fintech with the global market expected to reach $41 billion by 2030 and annual spending to reach $200 billion by 2028. Sector growth is particularly evident across regulatory reporting, driven by G20 regulatory reforms, but 2024 represents a sea change in the regulatory calendar, with significant changes coming across six jurisdictions.

These changes have provided the impetus for financial institutions to review their regulatory reporting setup and according to Deloitte’s 2023 RegTech Universe, regulatory reporting has now become the largest subsidiary of RegTech.

With regulatory compliance at the top of the agenda, how can firms leverage RegTech to stay ahead of the curve.

Read the full article in A-Team Insight here.

For more on how our Rosetta is driving innovation through collaboration, click here.

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