The European Union's Corporate Sustainability Reporting Directive (CSRD) is shaping the future of corporate financial and environmental reporting. This directive, a significant regulatory shift, mandates that companies conduct a 'double materiality' assessment. This approach requires
The regulatory technology (Regtech) market is on the precipice of remarkable growth, projected to expand from USD 12.92 billion in 2023 to an astounding USD 99.28 billion by 2033. This surge represents a compound annual growth rate (CAGR) of 22.62%. Various factors drive this anticipated growth,
As we move further into the latter part of 2024, the global focus on economic sanctions has reached unprecedented levels, particularly with the intensified regulatory measures taken by the United States. With the next U.S. presidential election looming, the spotlight on sanctions compliance is
In recent years, the financial sector has witnessed significant shifts in risk management practices, driven primarily by changing regulatory landscapes and technological advancements. Traditional Know Your Customer (KYC) procedures, characterized by their periodic and manual nature, are being
Regulatory compliance has always been a critical aspect of financial services operations, but its complexity and corresponding costs have surged significantly since the financial crisis of the late 2000s. The demand for innovative solutions to streamline compliance activities has become urgent,
The landscape of the Regulatory Technology (RegTech) sector is shifting, with experts predicting a surge to a $66.9 billion valuation by the year 2032. As financial institutions face this surging wave, the art of selecting the right RegTech partner is becoming increasingly crucial. More than just a
