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

Author

Listed:
  • Traversa, Deborah

    (Marketing Director, SIA S.p.A., Italy)

  • Toselli, Giacomo

    (Senior Product Manager, SIA S.p.A., Italy)

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.

Suggested Citation

  • Traversa, Deborah & Toselli, Giacomo, 2019. "Reducing the regulatory burden: How can technology revolutionise compliance processes and make complying with multiple regulations more efficient?," Journal of Financial Compliance, Henry Stewart Publications, vol. 3(2), pages 138-146, December.
    • Handle: RePEc:aza:jfc000:y:2019:v:3:i:2:p:138-146
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    More about this item

    Keywords

    holistic surveillance; RegTech; blockchain; analytics; artificial intelligence; communication;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K2 - Law and Economics - - Regulation and Business Law

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