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Large language models in FinTech: A boon or bane for compliance...
The technological revolution is making the job of compliance officers increasingly intricate. From record-keeping to monitoring approved communication channels and adapting to the ever-changing world of social media advertising, the list of challenges seems endless. A burning question for many is the potential influence of large language models (LLMs) on their profession. Will LLMs simplify their tasks or add complexity?
RegTech improves compliance for banks, but also increases costs
RegTech is easing the compliance burden for banks, but it's not driving down budgets according to recent survey.
