target audience: TECH BUYER Publication date: Mar 2024 - Document type: IDC Perspective - Doc Document number: # AP51892124
IDC Perspective: Leveraging Regtech for Enhanced Compliance and Risk Management in Asia/Pacific (Excluding Japan) Banks
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Abstract
This IDC Perspective provides guidance on regulatory technology (regtech) use cases for the banking industry and must be read in conjunction with other IDC research compliance and risk management–related technology. This research suggests several regtech applications that could lead to significant process improvement, cost savings, and enhanced regulatory fulfillment particularly around reporting, financial crime, and financial risk management.