6 trends to watch in RegTech in 2025
IT News Africa | Staff Writer - Nov 28, 2024
Featured entitiesThe most prominent entities mentioned in the article. Tap each entity to learn more.
Markets in Financial Instruments Directive (MiFID II)Financial Action Task Force (FATF)RegTechAI ActGeneral Data Protection Regulation (GDPR)
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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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