While the finance industry strives to remain competitive and to achieve desired transparency through the use of digital technologies, we have carved two technology verticals in broad terms - RegTech and FinTech. While the latter pertains to the range of solutions related to the industry, RegTech aims to use information technology to solve regulatory monitoring, reporting, and compliance.
While it is the set of digital technologies that help us create solutions, their appropriate use, and placement while architecting the digital infrastructure are important to leverage the best out of technologies.