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RegTech—the application of modern information technology in regulatory affairs: areas of interest in research and practice

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  • Michael Becker
  • Kevin Merz
  • Rüdiger Buchkremer

Abstract

We provide a high‐level view on topics addressed in scientific articles about regulatory technology (RegTech), with a particular focus on technologies used. For this purpose, we first explore different denominations for RegTech and derive search queries to search relevant literature portals. From the hits of that information retrieval process, we select 55 articles outlining the application of information technology in regulatory affairs with an emphasis on the financial sector. In comparison, we examine the technological scope of 347 RegTech companies and compare our findings with the scientific literature. Our research reveals that ‘compliance management’ is the most relevant topic in practice, and ‘risk management’ is the primary subject in research. The most significant technologies as of today are ‘artificial intelligence’ and distributed ledger technologies such as ‘blockchain’.

Suggested Citation

  • Michael Becker & Kevin Merz & Rüdiger Buchkremer, 2020. "RegTech—the application of modern information technology in regulatory affairs: areas of interest in research and practice," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 27(4), pages 161-167, October.
    • Handle: RePEc:wly:isacfm:v:27:y:2020:i:4:p:161-167
    DOI: 10.1002/isaf.1479
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    References listed on IDEAS

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    1. Petros Kavassalis & Harald Stieber & Wolfgang Breymann & Keith Saxton & Francis Joseph Gross, 2018. "An innovative RegTech approach to financial risk monitoring and supervisory reporting," Journal of Risk Finance, Emerald Group Publishing Limited, vol. 19(1), pages 39-55, December.
    2. Weber, Rolf H., 2017. "Regtech as a new legal challenge," Journal of Financial Transformation, Capco Institute, vol. 46, pages 10-17.
    3. Michael Becker & Rüdiger Buchkremer, 2018. "Ranking of current information technologies by risk and regulatory compliance officers at financial institutions – a German perspective," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 10(1), pages 007-026, June.
    4. Larsen, Kari & Gilani, Shariq, 2017. "RegTech is the New Black - The Growth of RegTech Demand and Investment," Journal of Financial Transformation, Capco Institute, vol. 45, pages 22-29.
    5. Arner, Douglas W & Barberis, Janos & Buckley, Ross P, 2016. "The Emergence of RegTech 2.0: From Know Your Customer to Know Your Data," Journal of Financial Transformation, Capco Institute, vol. 44, pages 79-86.
    6. Anagnostopoulos, Ioannis, 2018. "Fintech and regtech: Impact on regulators and banks," Journal of Economics and Business, Elsevier, vol. 100(C), pages 7-25.
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    8. Williams, James W., 2013. "Regulatory technologies, risky subjects, and financial boundaries: Governing ‘fraud’ in the financial markets," Accounting, Organizations and Society, Elsevier, vol. 38(6), pages 544-558.
    9. van Liebergen, Bart, 2017. "Machine learning: A revolution in risk management and compliance?," Journal of Financial Transformation, Capco Institute, vol. 45, pages 60-67.
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