Search by topic:


When should your business invest in RegTech?

post-image

All businesses are subject to a range of laws, regulations, codes, internal policies and guidelines. Before investing in RegTech (regulatory compliance software solutions) you should explore these 5 characteristics of your business:

1)     scale and nature of the regulatory requirements affecting your organisation

2)     IT and human resources currently required to monitor, service and report against those requirements

3)     sophistication of the current documented policies and procedures in place to ensure compliance (ie. the control framework)

4)     type of risk non-compliance presents for the organisation

5)     pace of regulatory change affecting the business

https://www.linkedin.com/pulse/behind-compliance-dashboard-kylie-hargreaves-gaicd-/?



What do you think?


You must be logged in to post a comment.
Comments

Related Posts

LegalTech

post-image

Zurich Insurance announces Legal Tech company as Global Innovation Award Championship Winner!
28 May 2023 by Karen Finch 0 Comments
 

LegalTech

post-image

Legal ownership of digital assets via a common law
28 May 2023 by David Hauser... 0 Comments

LegalTech

post-image

'AI Bounty' offered by leading Australian Law Firm
21 May 2023 by Karen Finch 0 Comments