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The ‘compliance transformation’ is coming

Anthony Dell | September 5, 2018

Most compliance departments, even in small organizations, use some form of compliance technology, or RegTech. This can range from simple processes like using the typical suite of office software (e-mail, spreadsheets, databases, etc.) to organize tasks, track progress, and measure output to large organizations using advanced data analytics, robotic process automation, and artificial intelligence.

Although the level of compliance technology and automation varies from industry to industry, and within industries by organization size and cultural willingness, these days, in general, I would characterize the labor split between people and machines at an even 50/50, with the trend clearly toward increasing the amount performed by machines.

I am fortunate to work with businesses in a variety of industries, such as financial services (where I worked most of my career), technology giants, established software companies, start-ups (mostly in FinTechs and RegTech, including...

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