An evergrowing list of technologies is both challenging and bolstering financial institutions and their regulatory authorities.
That list includes a veritable rogue’s gallery of characters: APIs (application programming interfaces), AI&ML (artificial intelligence and machine learning), DLT (distributed ledger technologies), biometrics, NLP (natural language processing), big data analytics, smart contracts, cloud computing, cryptography, et al.
These technologies are bringing forward a brave new vision of regtech and what’s being called “suptech”, the term for supervisory technology, both of which are starting to take shape to form more solid images: supervisory robots, machine-readable rules, and social media sentiment to flag contagion, for examples.
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