London, 20 February 2018 –The industry has been bombarded with compliance requirements since 2008, and understanding how each of the regulations correlates or conflicts with the others is an unwieldy task. Though tactical approaches to meeting each regulation’s requirements are the industry norm, this firefighting approach is unsustainable in the long term. Technology must be a part of this new approach, and a new industry buzzword—regtech—reflects the industry demand for technology to better arm the compliance function.
This report benchmarks respondent firms’ overall compliance technology challenges, priorities, and investment plans for the next 24 months. It is based on a Q4 2017 online survey conducted with 120 securities and asset management executives with knowledge of compliance technology spending at financial institutions across the globe.
This 34-page Impact Report contains 26 figures. Clients of Aite Group’s Institutional Securities & Investments service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions BlackRock, FCA, Fidelity Investments, Google, and the Securities and Exchange Commission.