So What Is Regtech and Why?

Screenshot 2023 12 09 At 13.22.23

The regtech market was valued at $9.8 billion in 2022; the forecast is for $47.7 billion by 2032, at a CAGR of 17.3%. [DataHorizzon Research, November 17, 2023]


Regtech uses advanced, often intelligent technologies, such as machine learning, to transform diverse specialist regulatory activities and risk management.

Technology’s purpose has always been, of course, to help do & automate work; but regtech represents a step-change in the efficiency, adaptability, and diagnostics of regulatory reporting & compliance tools.


Many regtech applications are in the financial sector, as a branch of fintech, simplifying and increasing the accuracy of regulatory compliance.

Ever more complex financial fraud has led to ever more complex and rapidly shifting rules to combat it, which in turn demands a real change in how tech can help manage the data processing and reporting of compliance.

Since 2014 BENEFITSCAPE has led the application of regtech to employees benefits, transforming, for example, the governance, risk management, data processing & resource burden of ACA compliance on all HCMs and across all native data sources.


Meanwhile, forensic tools used by regulatory authorities, such as the IRS, have also been becoming more powerful. Compliance integrity across all a company’s reporting is today both more complex and more important than ever — but thanks to regtech can also be less daunting, more accurate, and less work. In the area of benefits, solutions such as ACA_regtech* are already transforming the experience and value of benefits for thousands of employers and millions of employees.

To learn how regtech can transform your ACA & other benefits compliance, email BENEFITSCAPE at or call +1-508-655-3307.


*Any sufficiently advanced technology is indistinguishable from magic. Arthur C Clarke
News & Latest Posts

PCORI Guide & 30-Second Checklist

June 13, 2024

WHAT IS PCORI? PCORI stands for Patient-Centered Outcomes Rsearch Institute. The acronym…

A Response To IRS Call for ACA Feedback

June 11, 2024

By Ken Phillips BENEFITSCAPE CHIEF INNOVATION OFFICER ________________________________________________________________ The IRS has invited…

ACA Filing Errors: What To Do Next

May 13, 2024

You met the IRS reporting deadline. But now it’s time to correct…

Late Filings & Other Timely ACA Tips

May 9, 2024

Now that the April IRS deadline for ACA reporting has come and…

Regtech Transforming IRS Powers

April 29, 2024

Without much fanfare, a radical data science revolution is taking place inside…

ACA Deadlines Almost Here

February 26, 2024

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

Scroll to Top