{"id":2722,"date":"2018-02-12T09:30:26","date_gmt":"2018-02-12T09:30:26","guid":{"rendered":"http:\/\/middleeastevents.com\/blog\/?p=2722"},"modified":"2018-02-12T09:30:26","modified_gmt":"2018-02-12T09:30:26","slug":"new-report-from-accenture-and-the-world-government-summit-finds-that-regulators-must-embrace-regtech-to-keep-pace-with-digital-disruption","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/new-report-from-accenture-and-the-world-government-summit-finds-that-regulators-must-embrace-regtech-to-keep-pace-with-digital-disruption\/","title":{"rendered":"New Report From Accenture And The World Government Summit Finds That Regulators Must Embrace RegTech To Keep Pace With Digital Disruption"},"content":{"rendered":"<p>Accenture (NYSE: ACN), in collaboration with The World Government Summit, has released a new report that finds that regulators must embrace the\u00a0innovative application of emerging technologies, known as RegTech, to enable a more effective regulatory environment, mitigate risks and drive competitive advantage. According to the report, RegTech allows\u00a0regulatory processes to be redesigned, enabling real-time, data-driven decisions that drive innovation.<\/p>\n<p>As digital disruption increases, innovative products and services, such as ride sharing and lodging services, are increasingly challenging or bypassing regulatory processes. The report, RegTech for Regulators, finds that\u00a0RegTech opens a treasure chest of opportunities for regulators to keep pace by using analytics and anticipatory interventions at an unprecedented scale, helping to build trust in regulations needed for new business innovations.<\/p>\n<p>&#8220;The regulatory environment has a tremendous impact on a country&#8217;s ability to innovate and prosper. In the coming years, data and insights will be a catalyst for innovation and business growth and serve as the backbone of more effective and efficient regulatory systems,&#8221; said Gianmario Pisanu, managing director and consulting lead for Accenture in the Middle East and Turkey. &#8220;Regulators should consider moving away from the traditional debate between risk-based and principles-based regulation and leverage data to cut enforcement and compliance costs.&#8221;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2723 size-full\" src=\"http:\/\/middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/bn.jpg\" alt=\"\" width=\"1920\" height=\"1080\" srcset=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/bn.jpg 1920w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/bn-300x169.jpg 300w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/bn-768x432.jpg 768w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/bn-1024x576.jpg 1024w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Accenture (NYSE: ACN), in collaboration with The World Government Summit, has released a new report that finds that regulators must embrace the\u00a0innovative application of emerging technologies, known as RegTech, to enable a more effective regulatory environment, mitigate risks and drive competitive advantage. According to the report, RegTech allows\u00a0regulatory processes to be redesigned, enabling real-time, data-driven [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=2722"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2722\/revisions"}],"predecessor-version":[{"id":2724,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2722\/revisions\/2724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/2723"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=2722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=2722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=2722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}