Article: RegTech Innovations: Shaping Compliance and Risk Management in Financial Services

Frank Vesce, Allvue`s Chief Information Security Officer and Head of Technology Risk, recently discussed with Financial IT how the evolving regulatory environment, including initiatives like the EU’s Digital Operational Resilience Act (DORA), is redefining compliance expectations and driving the need for innovative, technology-driven solutions in the financial services sector.

“The increasing burden of complex regulatory requirements are significantly reshaping the compliance landscape for fund administrators. One prominent example is the Digital Operational Resilience Act (DORA) in the European Union, which comes into effect in January 2025. It mandates compliance across digital operational resilience, adding significant oversight and reporting demands. This is indicative of a broader regulatory trend where compliance isn’t optional—it’s critical for institutions that wish to maintain their market position,“ says Vesce.

Explore how technology can help to meet these regulatory challenges while maintaining operational efficiency in Frank Vesce’s latest insights. Read the full article here.