IDC Perspective: Leveraging Regtech for Enhanced Compliance and Risk Management in Asia/Pacific (Excluding Japan) Banks

This IDC Perspective provides guidance on regulatory technology (regtech) use cases for the banking industry and must be read in conjunction with other IDC research compliance and risk management-related technology. This research suggests several regtech applications that could lead to significant process improvement, cost savings, and enhanced regulatory fulfillment particularly around reporting, financial crime, and financial risk management.

Executive Snapshot

Situation Overview

• Definition and Context of Regtech
• Rise of Regtech in the Banking and Financial Services Industry
• Scope and Uses Cases of Regtech
  • Regulatory Requirement Inventory
  • Regulatory Horizon Scanning
  • Regulatory Reporting Automation
  • Visual Analytics for Compliance Reporting
  • Customer Due Diligence

Advice for the Technology Buyer

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• Related Research
• Synopsis