Regulatory Reporting Solutions, 2023: Market Update and Vendor Landscape
The regulatory reporting landscape is undergoing another major change following recent banking crises, notably the failures of Credit Suisse and Silicon Valley Bank. To stay on top of reporting and monitoring requirements, many financial institutions will look to improve their systems, whether by upgrading with their current vendor or moving to vendors with more complete offerings.
RegTech solutions are now leveraging digital technologies to standardize and automate the often complex steps involved, and to make the process more economical and robust. And financial institutions will be willing to invest in market-leading technologies to ensure their compliance.
This is an update to our comprehensive report on regulatory reporting, published in 2022. Focusing on the key dimensions of the reporting cycle, this update analyzes the market and considers the technology and industry trends that will shape the future of regulatory reporting solutions.
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