Reducing the regulatory burden: How can technology revolutionise compliance processes and make complying with multiple regulations more efficient?

Deborah Traversa and Giacomo Toselli
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Deborah Traversa: Marketing Director, SIA S.p.A., Italy
Giacomo Toselli: Senior Product Manager, SIA S.p.A., Italy

Journal of Financial Compliance, 2019, vol. 3, issue 2, 138-146

Abstract: This paper summarises how new technologies can improve efficiency and effectiveness in complying with multiple regulations. It analyses the key drivers that may drive this technological revolution and the reasons why this revolution should start now. The paper focuses on two uses cases that illustrate examples of new approaches. First it introduces holistic compliance solutions and their benefits in detecting fraudulent behaviours. Secondly, an example of the use of blockchain technology in the area of trade repositories is presented. The paper ends with the identification of the opportunities for the buy-side given by the experience matured by sell-sider.

Keywords: holistic surveillance; RegTech; blockchain; analytics; artificial intelligence; communication (search for similar items in EconPapers)
JEL-codes: E5 G2 K2 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jfc000:y:2019:v:3:i:2:p:138-146

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