Read our new financial crime and regulatory technology guide
Regulatory technology (RegTech) presents a real opportunity for Jersey. It supports the fight against financial crime, helps to facilitate high standards of business integrity and increases the capacity of firms’ compliance functions, among other benefits.
Our new financial crime and regulatory technology guide explores both how this technology can be used and some of the regulatory considerations when adopting it.
The goal of the guide is to provide an introductory overview to this area, including:
- what RegTech is
- how RegTech can be successfully applied
- case studies of good practice, including RegTech procurement considerations
- how firms can engage with our Innovation Hub
Our Innovation Hub encourages the adoption of technology in the financial services industry. Our ambition is for Jersey’s supervised persons to reach a prominent level of RegTech maturity by the end of 2024, evidenced by high adoption rates, cost efficiencies and improved compliance and management of regulatory complexity.