Regulatory Compliance
Regulatory compliance from a technology standpoint involves adhering to laws, regulations, and industry standards related to the use, management, and protection of technology systems and data. It requires implementing controls, policies, and procedures to ensure data privacy, security, and integrity, while also addressing specific regulatory requirements such as GDPR, HIPAA, or PCI DSS.
Regulatory Compliance
As regulatory environments become more complex, more organizations are turning to technology as a solution
A survey by Compliance Week revealed that 63% of compliance professionals believe regulatory reporting requirements have become more stringent over the past five years, underscoring the importance of accurate and timely reporting to regulatory authorities.
94%
CEOs expecting an increase in regulations relating to data privacy and cybersecurity
World Economic Forum
19%
Internal fraud examinations triggered by regulatory investigation results
Association of Certified Fraud Examiners
$127bn
Global spending on regulatory technology (RegTech) in 2023 in response to increasingly complex regulatory environments
Gartner
63%
Organizations planning to increase investment in compliance technology in order to automate compliance processes
Deloitte
