Silos internally within the banks, between the global regulators, and then between banks and regulators, makes for poor communication, inconsistent rules and bad performance. Breaking these communication silos, all agree, will improve the industry, strengthen the market, and automate compliance, providing simpler and fewer rules to comply with.
As the regulatory and compliance technology firms continue to innovate – what are the next problems institutions want them to help solve? Are the entrepreneurs of today delivering solutions for tomorrow? What does Compliance 2030 look like?