When should your business invest in RegTech?

3 April 2022 by Kylie Hargreaves

LegalTech

All businesses are subject to a range of laws, regulations, codes, internal policies and guidelines. Before investing in RegTech (regulatory compliance software solutions) you should explore these 5 characteristics of your business:

1) scale and nature of the regulatory requirements affecting your organisation

2) IT and human resources currently required to monitor, service and report against those requirements

3) sophistication of the current documented policies and procedures in place to ensure compliance (ie. the control framework)

4) type of risk non-compliance presents for the organisation

5) pace of regulatory change affecting the business

https://www.linkedin.com/pulse/behind-compliance-dashboard-kylie-hargreaves-gaicd-/?

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