Source: ComputerWeekly.com
By Karl Flinders
Global corporates will spend over $200bn in 2028 as the technology is used to help organisations in more industries comply with complex regulations.
Financial services and other businesses across the world will spend hundreds of billions on regtech in 2028 as “increasingly complex” regulation drives a 124% increase investment in technologies such as artificial intelligence (AI) and blockchain.
Industries such as digital healthcare and online gambling are driving regtech investment beyond the finance sector.
Regtech is software for managing regulatory compliance. Companies invest in it to save time and money, allowing resources that were once devoted to regulatory compliance to be diverted elsewhere. For example, banks invest huge amounts on the people and processes required for compliance with industry regulations…
Read full article: https://www.computerweekly.com/news/366541692/Annual-spend-on-regtech-to-reach-more-than-200bn-by-2028
