that a new regulatory update is made every seven minutes . In addition to the blinding new pace of the regulatory environment , oversight organisations are increasingly clamping down on infractions . During the 2019 fiscal year , the United States Securities and Exchange Commission filed 2,754 new enforcement actions ( including 95 against public companies ) – the highest number in over a decade . The risks of non-compliance are skyrocketing almost as fast as the difficulty curve of remaining compliant .
If enterprises are to avoid the disruption that accidental regulatory breaches can incur , then harnessing the new wave of regulatory technology solutions is an essential step . Since 2015 , the RegTech industry has grown out of virtually nothing to become one of the most dynamic financial verticals in the world . By 2027 , global RegTech spending is expected to exceed US $ 21.7bn and , according to a 2018 report by Medici , “ an end-to-end RegTech implementation promises 634 % in ROI realisable over a three-year period .” In short , the potential benefits are staggering . This month , FinTech explores the emerging RegTech industry , and some of the key companies driving this global financial evolution .
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“ An end-to-end RegTech implementation promises 634 % in ROI realisable over a three-year period ”
— Medici fintechmagazine . com