The U.S. RegTech market to reach USD 8.21 billion by 2028 - Arizton

CHICAGO - April 27, 2023 - PRLog -- The U.S. RegTech market growing at a CAGR of 21.54% during the forecast period.

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RegTech uses modern technologies such as big data and artificial intelligence to overcome regulatory challenges, mainly in financial services. RegTech is a sub-set of FinTech that concentrates on technologies that may assist in delivering regulatory requirements more effectively and efficiently than prevailing abilities. With its major application in the financial sector, RegTech is currently growing into other regulated businesses. RegTech firms mainly focus on compliance, reporting, and regulatory monitoring in the financial sector. RegTech companies help in predicting potential risk areas and systematically analyze the data. By utilizing analytics tools made by RegTech companies, financial and non-financial organizations can effectively comply with regulations and save money and time.
Ascent, Chainalysis, Broadridge, Deloitte, and IBM are the key players in the U.S. RegTech market.