Gen AI: Benefits or Pitfalls for Regtech?

AI Image

According to Fintech Global, Generative AI heralds “huge disruption around technological and operational systems regardless of the industry, [and] the ongoing soaring rise of Gen AI is proving a hot-rod for innovation.”

For regtech, AI will undoubtedly have a growing role to play. But smart tech analyzing content and data for compliance and accuracy must not be confused with the more colorful uses of Gen AI grabbing buzzy headlines.

Fintech Global hosts an interesting discussion on how Gen AI within regtech will continue to require methods combining “rules-based, machine-learning and automation” with human expertise and oversight as well as “clear documentation and auditability at each step.”

News & Latest Posts

ACA DEADLINES ALMOST HERE

February 26, 2024

The IRS ACA reporting DEADLINES for TY23 [filing in 2024] are as…

ACA Reporting: IRS Codes Explained

February 15, 2024

There are two series of IRS CODES for ACA reporting & compliance. These…

ACA State Mandates: A Guide & Checklist

February 5, 2024

When passed, the Affordable Care Act [ACA] required individuals to purchase &…

Survival Kit: 226J Penalty Letters

January 18, 2024

As we enter the final straight for TY23 filings, the IRS continues…

So What Is Regtech and Why?

December 11, 2023

The regtech market was valued at $9.8 billion in 2022; the forecast…

ACA TY23: “Is My Company An ALE?”

December 11, 2023

All Applicable Large Employers [ALEs] are subject to the ACA’s employer shared responsibility [ESR]…

Scroll to Top