Leaders Speak Innovation in Regulatory & Compliance tech
Technology’s bracing impact has created growth for all, and the structure of the payments has evolved, from physical and now, via digital applications. NASSCOM organized the India Fintech Awards 2021 on 14th October the event featured some of the brightest minds who shared insights on innovation and upgrading the Indian fintech scape.
Ms. Jaya Vaidhyanathan, CEO of BCT Digital was in the exclusive leaders speak session on the innovation in Regulatory and Compliance Technology where she shares the prospects and obstacles of innovations in regulatory and compliance tech and aptly puts it, there is space for further evolution and simplification.
FinTech plays a crucial role in regulating compliance by leveraging innovative technologies. Machine Learning (ML) and Artificial Intelligence (AI) are being progressively leveraged by FinTech companies and banks and Using AI for automation of processes in cybersecurity, revenue & billing, reconciliation, fraud, and prevention is also burgeoning.