Possibilities of RegTech Application in the Financial Crime Counteraction System
Year: 2025
Type: article
Abstract: The article analyzes the possibilities of using RegTech technologies in the system of combating financial crimes in the context of the digital transformation of the financial sector. With the growth of data volumes and the complexity of financial crime mechanisms, traditional methods of combating offenses are becoming less effective, which requires the implementation of innovative solutions. RegTech, which are automated technologies, ensure the optimization of regulatory compliance processes through compliance systematization, improvement of decision-making mechanisms and modernization of reporting. The article considers key technologies for comprehensive verification of participants in financial transactions, as well as their integration with biometrics and behavioral analysis. Attention is also paid to international RegTech platforms that ensure the interoperability of verification systems and compliance with global standards. In addition, the main problems associated with the use of RegTech in the system of combating financial crimes are considered, and solutions to the identified problems are proposed.
Source: Russian Journal of Management
Authors: Kristina Shamonova, Sergey Muzalev
Institution: Financial University
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4408127869