RegTech
Financial Dictionary — Regulatory Technology
Definition
Regulatory Technology - The use of technology to facilitate compliance with regulatory requirements.
Detailed Explanation
RegTech uses technology to enhance compliance with laws and regulations through automation and real-time monitoring.
Common Uses
- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.
- Used when training staff or documenting procedures and policies.
Practical Example
- Example: Teams reference **RegTech** when defining terms in manuals, policies, or training materials.
Why This Term Matters
- Why it matters: Improves clarity and consistency across documentation and decision-making.