Unlocking Regulatory Efficiency: The Power of Regulatory Data as a Service


In today’s fast-paced and ever-evolving global business landscape, meticulous attention to regulatory compliance cannot be overstated. Since 2008, compliance costs have surged by 60%, with a remarkable 58% of this increase attributed to labour costs, growing at an annual rate of 31%. 

The sheer volume, complexity, and dynamic nature of legal and industry-mandated regulations presents significant challenges for most organisations. With the emergence of numerous digital technologies like cryptocurrencies and decentralised financial transactions, staying up-to-date has become increasingly difficult.   

Failing to stay ahead of regulatory requirements can result in punitive consequences, including substantial fines and reputational risks. As a result, organisations are compelled to seek innovative solutions to effectively manage regulatory risk.  

This is where RegGenome’s  machine-readable data and technology-driven services offer concrete solutions. As a leading financial regulatory data provider, we understand that navigating regulatory risk requires a careful balance between acquiring up-to-date regulatory content and leveraging technology to increase relevancy. We’ve developed a repository of regulatory documents and associated machine-learning-generated metadata, which increases the efficiency and speed of finding relevant regulatory content. This allows for continuous access to all relevant documents related to specific regulation pertaining to a new initiative. Whether across a particular region or from a specific publisher, our service saves valuable time and resources organisations would otherwise spend on searching, identifying, and locating regulatory information. 

What is Regulatory Data as a Service? 

Regulatory data as a service (RDaaS) combines regulatory data with cloud-based delivery to offer a comprehensive solution that empowers businesses to meet their regulatory obligations more effectively and efficiently.  

At RegGenome, we provide a reliable repository of financial regulatory documents and associated machine-learning-generated metadata. Our mission is to facilitate quick and efficient access to relevant regulatory content for compliance and legal professionals, application providers, global banks, and many more. Users can access relevant regulatory content across jurisdictions, publishers, themes, or initiatives, using our RegScores to pinpoint specific obligations. This significantly reduces the risk of non-compliance due to outdated or irrelevant data.  

By meticulously capturing the origins and updates of regulatory content, we offer assurance on the lineage of the content sourced, and present the unaltered regulatory text as published by the regulator. Our data is processed according to information structures developed and reviewed with regulatory experts and anchored to regulatory standards in conjunction with the University of Cambridge, Regulatory Genome Project. 

The Importance of Regulatory Data as a Service 

The global regulatory landscape is in a constant state of flux, responding to shifts in technology, market dynamics, and industry requirements. For businesses, the challenge of staying up-to-date with the vast array of regulations can be a daunting task. The efficient content retrieval of reliable regulatory data proves invaluable in successfully keeping up with the pace of regulatory changes.  

Regulatory data as a service plays a pivotal role in unlocking efficiency, transparency, and accountability of the regulatory compliance process, empowering financial services firms.

How RDaaS Facilities Seamless Collaboration  

Regulatory Data as a Service (RdaaS) simplifies the data acquisition process, ensuring that all members of your firm have access to the same, up-to-date information. This immediate accessibility to regulatory data fosters enriched collaboration as it allows different departments or teams within an organisation to work together, thereby minimising the risk of miscommunication or misinformation. 

RDaaS also ensures that regulatory compliance is accurate and reliable. It eliminates the need for manual data collection and analysis, reducing the potential for human error. With the convenience of RDaaS, organisations can redirect their focus toward leveraging the data for strategic decision-making and less on the tedious task of data acquisition and research. 

Increased Efficiency and Reduced Costs 

Retrieving regulatory data efficiently and systematically has a direct impact on a company’s the bottom line as it saves time, manpower, and financial resources. By integrating relevant regulatory data into their digital infrastructure, organisations can significantly reduce manual labour, eliminate duplication of efforts, and simplify the management of regulatory risk. 

Our digital overlay offers a comprehensive view of regulatory obligations through granular signposting as published by the regulator. This helps streamline previously time-consuming or labour-intensive processes, including the tracking of regulatory requirements to conduct audits, inspections, or investigations into potential violations. Investing in Regulatory Data as a Service can lead to long-term cost savings and enhanced organisational efficiency. 

Data-Driven Decision-Making for Regulatory Efficiency 

One of the main advantages of RDaaS is its ability to enhance regulatory efficiency. By accessing accurate regulatory content in real-time, firms can anticipate potential changes and make data-driven decisions to mitigate potential risks. This strategic approach enables organisations to remain ahead of the curve, ensuring business continuity even in the face of a rapidly evolving regulatory landscape. 

The significance of data-driven decision-making in mitigating regulatory risk cannot be overstated. An investment firm, for instance, might make investment decisions based on outdated or inaccurate information. Without real-time regulatory data analysis, it may fail to properly assess current market trends and regulations, leading to poor investment choices and potential financial losses. 

One of Europe’s largest banks, faced a substantial fine of $150 million in 2020 due to significant compliance failures in its dealings with high-profile convicted individuals and correspondent banks. These oversight lapses allowed billions of dollars in suspicious transactions to flow through the bank, underscoring a lack of robust risk management procedures and compliance checks. 

By accessing relevant regulatory data, firms can identify patterns and trends, assisting them in making well-informed decisions that expedite regulatory analysis, compliance efforts, risk assessments, and supervision.  

A comprehensive repository of regulatory data empowers organisations to not only recognise but also proactively address potential compliance issues before they escalate into costly fines, penalties, or reputational damage. 

Ensuring Compliance Amidst Regulatory Shifts 

For organisations operating across multiple jurisdictions or subject to frequent regulatory updates, the challenge of keeping pace with shifting regulatory requirements is constant. An up-to-date regulatory data repository offers a vital resource for swift and efficient responses to these changes.  

By integrating regulatory data into their digital infrastructure, organisations can ensure that their processes and systems are consistently aligned with the latest obligations. This level of adaptability is crucial for maintaining compliance and fostering a proactive approach towards addressing regulatory challenges. 

In Conclusion 

In today’s complex and ever-evolving regulatory landscape, acquiring access to comprehensive regulatory data is not a luxury; it is a necessity. By investing in reliable and relevant regulatory content, organisations can ensure they have a clear understanding of their regulatory obligations for any given jurisdiction and the implications of new regulatory initiatives.  

Feel free to reach out to us today at RegGenome to explore how our comprehensive regulatory data service can empower your organisation to tackle regulatory challenges effectively and efficiently.

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