RegTech: Rebrand sees excitement about AI disruption

Having recently rebranded to have a much more global reach, Deborah Young of RegTech Association is excited to see how the company can operate anywhere in the world to help merchants reach new customers.

At Money 20/20, Young spoke about how now is the time for Regulatory technology (RegTech) to shine, with the introduction of new data and disruptors like generative AI. She explained how RegTech is aiming to help provide a layer of trust to data and financial transactions so that users and banks can feel better protected.

Additionally, with the inevitability of greater regulation, Young states that we need to embrace all new technologies, including AI tools. Although she cites the need for ethical behaviour, she is mindful that we all need to keep pace with digital transformation strategies in order to embrace the positive and plentiful opportunities that this technology will inevitably provide.