Market grows for ‘regtech’, or AI for regulation

Hedge fund managers beware, someone is watching you. Or rather, something is watching you. A new artificial intelligence system can monitor traders, learn their behaviour patterns and raise the alarm when they do something out of character. For example, a trader who has avoided securities for a long time after suffering a loss on them suddenly dives back into a losing position. This triggers an alarm in the monitoring system and sends an alert to the hedge fund’s compliance team. Welcome to the world of regulation technology or “regtech”. The term itself has taken off since former UK chancellor George Osborne raised it in last year’s budget, promising to support “new technologies to facilitate the delivery of regulatory requirements” to the financial services sector. Companies such as Sybenetix are riding…

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