11.12.2024|
RegTech Analyst director of research Mariyan Dimitrov said: “As financial institutions get to grips with the challenges of staying compliant amid rapidly changing regulatory obligations, as well as the growing presence of AI, the importance of working with the right RegTech partner is becoming critical.”
Why are so many banks, financial service providers and insurers deciding to reshape their compliance landscape completely?
Banks and insurers are facing pressures to cut costs, streamline operations, boost security and integrate ML and GenAI. Due to this, many firms opt to overhaul their compliance infrastructure entirely. Technology has advanced significantly, and outdated solutions cannot meet the evolving demands of compliance.
RegTech Analyst conducted an interview with Thomas Knöpfler, Managing Director and Chief Portfolio and Project Officer at ACTICO. Read about how innovative software facilitates work in compliance departments:
“Outdated compliance systems in banks and financial institutions often lack cloud capabilities, missing ML functionality, operate in silos, feature outdated user interfaces, and provide inadequate reporting functionalities. These limitations lead many firms to replace their existing systems with modern solutions.”
Find our more about ACTICO in the company profile below:
Company profile ACTICO (pdf)
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