Compliance
Report
Cracking the Code: A Proactive Approach to Regulatory Compliance
Common compliance myths
The cost of compliance
Using technology to navigate compliance
What's Inside
There’s no question that today’s financial landscape is rapidly evolving. At the same time, the pace of technological innovation has accelerated, prompting a regulatory response in areas such as data privacy, payment security, and AI use.
Financial institutions, in particular, must comply with a wide range of regulations. For those operating internationally, the list of requirements grows even longer. In 2024, fines for noncompliance reached their highest level yet, soaring above $19bn globally — with banks accounting for 80% of those penalties.
Unfortunately, regulatory compliance is often seen as a burdensome check-the-box exercise and an innovation blocker. But effective compliance is so much more than a fine avoidance program: It protects your customers and reputation, helps you navigate a changing business world, and, best of all, can serve as a strategic advantage.
Download your copy of Cracking the code: A proactive approach to regulatory compliance from RegTech and AuditBoard to explore:
- The reasons for increased regulatory burdens, including the costs of compliance.
- Three common myths about regulatory compliance.
- How technology like AuditBoard’s RegComply is transforming regulatory change management.
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