The digital disruption of the RegTech scene: how digitization is enhancing regulatory processes

Regulation can be a double-edged sword. On the one hand, it is needed so that everyone operates in the same manner, and it creates trust and safety in the industry. While, as one government whitepaper put it, businesses are regulated “to deliver better outcomes for the economy, society and the environment”.

Yet at the same time, many would argue that there is a danger of regulation hindering businesses to develop new innovative solutions. There’s no arguing that regulation is critical, yet when rules restrict innovation, they are in danger of denying companies the ability to deliver those better outcomes. 

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