Whitepaper: RegTech has become critical infrastructure in the era of data-rich regulatory reporting

In the wake of the COVID-19 pandemic, industry has been forever changed. One enduring hallmark of this public health crisis is the way it has hyper-accelerated digitisation throughout the enterprise. But nowhere has the impact of the virus been more pronounced than in financial services. Given COVID’s systemic disruption to global industry and consumer behaviour, financial services’ risks have also become increasingly complex, cyber-enabled, and more interconnected than anybody could have ever imagined.

Modern Financial Institutions must navigate unprecedented and growing risk interdependencies in the form of shared credit relationships, derivative contract exposures, corporate ownership structures, and common asset holdings. Regulatory reporting in financial services has become more data-exhaustive and high-dimensional than ever before. Thus, for oversight agencies to effectively monitor cascading systemic risks and regulate covered entities in the pandemic-disrupted age, they must evolve technologically as well.

This is precisely why supervisory and regulatory technologies (SupTech and RegTech) have become so vital to preserving financial stability.

Find out more in our whitepaper, which covers the following:

• Emerging Regulatory Challenges in Australia
• The new APRA Connect regime
• Heightened Cyber Risk in regulatory reporting
• Increased Regulatory Reporting Burden
• How Vizor streamlines regulatory reporting
• Regulatory Compliance in a post Covid world