This work focuses on the analysis of benefits that can derive from the adoption of Regtech solutions within the banking system, in the belief that the equipment that the technological development makes available to today’s financial intermediaries represents both a challenge for survival and an opportunity to develop their own business model.
In addressing this issue, on one hand the emphasis is placed on the fact that with Regtech, the technology supporting compliance, banks can more effectively comply with complex and constantly evolving regulatory obligations. On the other hand, with an innovative approach to the issue, we argue that Regtech’s technological support contributes to refocus the role of corporate control functions and to improve internal control and risk management system. From this derives the possibility to reinforce the basis of the business model that is sustainable, as it can create wealth over time, ensuring appropriate remuneration for all stakeholders.
On these latter concepts, this work provides an incitement for further reflections and for an increasing awareness of all the operators.