Have you ever wondered why some regulatory agencies have successfully embraced technology, while others still struggle with adoption? The reality is that many regulators are aware of the potential benefits of technology, but the barriers to implementation are slowing down progress.
Recently, Objective Corporation conducted a first-of-its-kind survey and research on the use of technology in government regulation. The results showed that UK regulators have the opportunity to take advantage of technological advancements, but are facing challenges in doing so.
While some regulators are embracing advanced risk-based, data-driven approaches, others are encountering limitations in IT capacity and funding that prevent them from taking advantage of available technology solutions. In fact, the research findings highlight six key insights into the current landscape of UK government regulation and RegTech adoption.
Objective is hosting a free online forum, bringing together leading regulators and industry experts to discuss such insights in greater detail.
The research highlighted that there is limited public information about how UK regulators are using RegTech and so it is hard to understand what market offerings can assist those considering implementing various digital solutions. Building stronger networks across regulators in different domains could improve RegTech adoption in the UK.
Public Policy Consultant
Up for discussion:
Understand the scale and scope of technology being used across UK regulation
Hear how to overcome barriers to technology adoption
Learn from peers about their digital transformation journeys
Explore real case studies and innovative examples of where tech is improving regulation
See the future direction of regulatory technology in the UK
Join the conversation and hear regulatory experts explore the latest insights on regulatory technology. Register here today.
Objective Global VP for RegTech, Ben Hobby, encourages all government regulators to get involved.
The forum will provide a uniquely rich depiction of the changing regulatory landscape for government technology adoption and lay a benchmark for how this is advancing. The insights have been very well received amongst members of the regulatory community, who are excited to receive insights into how Regulatory Technology is evolving for Government.
Global VP Objective RegTech