The Future of Regulatory Compliance in Banking: Embracing Technology

Authors- Kinil Doshi/span>

Abstract-The evolution of regulatory compliance in banking is being reshaped by technological advancements. Financial institutions increasingly rely on artificial intelligence (AI), machine learning (ML), RegTech solutions, and automation to navigate complex regulatory landscapes. This paper explores how these technologies enhance compliance efficiency, improve risk assessment, streamline fraud detection, and ensure adherence to evolving regulations. It also discusses the role of fintech solutions and banking centers of excellence in fostering compliance innovation. By embracing technology, banks can transform regulatory compliance from a burdensome obligation into a strategic advantage that drives sustainable growth.

DOI: /10.61463/ijset.vol.12.issue5.812