Towards Secure and Intelligent Regulatory Technology (Regtech):

Abstract

We present a research agenda for secure and intelligent regulatory technology (’regtech’). This encompasses an overview of the conceptual, theoretical, and practical challenges that arise when using digital technologies to comply with regulatory regimes. Intelligent regtech ‘solutions’ are often tailor-made to achieve better oversight and compliance outcomes. Such tools can make regulation and compliance easier and more efficient. Their use poses security challenges in respect of data, cybersecurity, and the consumer. Regtech also raises competition and antitrust issues, as well as commercial and operational ones. We explore these by a targeted review of the literature. In doing this, we deliver new insights and highlight considerations for scholars. We articulate the concepts requiring further investigation. Our contribution is in defining regtech and establishing an interdisciplinary roadmap for further scholarly study.

Keywords

• Regtech
• Fintech
• Compliance
• Innovation
• Oversight
• Automation