As we reflect on 2023, three key RegTech trends stood out to us...

1. The integration of AI, including Gen AI, in regulatory compliance signalled a significant, albeit cautious, shift among regulated institutions

2. The global political climate highlighted the urgent need to bolster efforts in preventing financial crimes, spurring advanced RegTech solutions

3. Financial institutions increasingly favoured cost-effective, sophisticated 'Plug and Play' RegTech solutions in response to escalating cost pressure

These trends marked the evolving landscape of RegTech in addressing contemporary challenges. 🚀

Check out @Maria Scott's full article on Taina Technology: www.taina.tech/resources-news-and-awards/key-trends-in-regtech-2023.