The deluge of regulatory obligations that ensued from the global financial crisis placed the industry spotlight on the multifaceted compliance function. Everything from tightening up employee monitoring practices to ensuring data lineage and audit trails are in place has come under scrutiny over the last decade.
While compliance standards and practices were once deemed sufficient by way of their mere existence, they are now a key and highly examined part of prospective clients’ due diligence investigations, including the initial line of defense found in front-office surveillance controls. And though compliance-focused technology was an afterthought or, in many cases, nonexistent, the regulatory technology sector has emerged as a significant shareholder of financial technology investment.
This white paper highlights these changing dynamics and the integral role that next-generation technology will play in the evolution of the compliance function.