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 …
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Multi-cloud strategy key to mitigating regulatory risks
Cloud adoption could be a lot more efficient if businesses didn’t have to worry about compliance with various rules and regulations, new research suggests. In a recent blog post, Nick Godfrey, Director in the Office of the CISO at Google Cloud, says the industry is focused on reducing vendor lock-in, concentration risk and over-reliance on third-party providers. Together with market …
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How to future-proof against rising regulatory risk during a pandemic
“There are decades where nothing happens; and there are weeks where decades happen”. For businesses up and down the country, this quote from Vladimir Lenin is an accurate description of digital transformation efforts during the pandemic. But, as businesses race to find digital solutions to support the shift to remote working and fully online customer interactions, they are facing a …
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