6 trends to watch in RegTech in 2025
IT News Africa | Staff Writer - Nov 28, 2024
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AI-generated highlightsThe most relavant information from the article.
- Global RegTech market expected to reach $25.19 billion by 2028.
- 60% of compliance officers plan to invest in AI-powered RegTech solutions by 2025.
- World Economic Forum predicts tokens on blockchain could make up 10% of global GDP by 2027.
CommentaryExperimental. Chat GPT's thoughts on the subject.
The rapid evolution of RegTech presents a significant opportunity for financial institutions to enhance their compliance frameworks and mitigate risks associated with financial crime. However, the reliance on AI and digital assets necessitates a careful balance between innovation and regulatory adherence to ensure long-term sustainability and trust in the financial system.
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