Regtech, an acronym for regulatory technology, is an emerging industry that makes use of cutting-edge technologies to bolster regulatory procedures in the financial sector. It is a burgeoning sector that leverages innovative technologies to enhance regulatory processes within the financial domain. Regtech solutions provide the capability to analyze extensive datasets at unparalleled velocities, enabling them to provide real-time monitoring of transactions and regulatory modifications. Artificial Intelligence (AI) is at the forefront of Regtech innovations, revolutionizing risk management processes. According to recent industry reports, this rapidly growing industry is projected to reach a whopping $66.9 billion by 2032, fueled by a CAGR of 22.6%.
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