Economic Impact of RegTech Compliance
Padma Iyenghar · Advances in finance, accounting, and economics book series · 2024
This chapter explores the economic implications of Regulatory Technology (RegTech) compliance in the context of Industry 4.0, Cyber-Physical Systems (CPS), cybersecurity, and functional safety. While RegTech offers significant economic benefits, concerns persist regarding implementation costs, regulatory uncertainties, and cybersecurity risks. This chapter conducts a comprehensive economic analysis of RegTech adoption, highlighting both positive and negative impacts on organizational performance. By examining the intersection of RegTech with Industry 4.0, CPS, and functional safety, this chapter provides actionable insights for navigating regulatory complexities. Future research avenues include exploring emerging technologies, regulatory sandbox frameworks, ethical and legal implications, and global regulatory convergence in RegTech. Overall, this chapter lays the groundwork for understanding the economic dynamics of RegTech adoption, empowering organizations to drive sustainable growth in a regulated business environment.