Security News > 2018 > September > Regtech to account for 40% of global compliance spend by 2023

A new study from Juniper Research has found that spending on Regtech platforms will exceed $115 billion by 2023, up from an estimated $18 billion in 2018. The research found increased regulatory pressures, as demonstrated by the recent GDPR implementation, are driving businesses towards Regtech to meet greater compliance challenges. According to the research, any heavily regulated business sector not prioritising Regtech adoption would risk damaging fines from failing to keep pace with regulatory changes. … More → The post Regtech to account for 40% of global compliance spend by 2023 appeared first on Help Net Security.

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