Fixing the disjointed nature of regulatory control management has become an imperative for regulators and their patience is wearing thin. Huge volumes of detailed new rules has created an army of ‘horizon scanners’ who struggle to work across the silos and auditors are often disappointed with the resulting controls.

NextGen RegTech control solutions are available in the market who can introduce ‘end to end’ solutions. However, buyers need to wary of some AI salesmen that promise the world but can’t deliver a system that meets all business needs. We also need joined up thinking across the tribes – including the firms, regulators and RegTech suppliers.