Type and Duration
Preproposal PhD-Thesis, since February 2022Coordinator
Hilti Chair of Business Process ManagementMain Research
Business Process ManagementDescription
Society has been regulated by Compliance standards for many decades now. Within this discipline, information technology is rapidly implemented, driving progress forward. This common practice not only improves the procedural efficiency of various financial institution, but also fortifies the supervisory activities of the relevant authorities. In recent years, Compliance has become more and more important, as financial institutions are forced to better manage their risks. The continuing digitalization of the financial sector is generating ever-increasing floods of information. These developments demand a mindset shift in terms of Compliance. Information Technology helps companies process these vast quantities of information and to remain compliant. As a result, the relationship between these two disciplines is becoming stronger and more vital. With increasingly complex regulatory obligations placed on companies, the interplay between information technologies and legal issues is becoming significantly more relevant in today's world.This is where Regulatory Technologies ("RegTech") come into play. RegTech refers to the interplay between information technologies and legal issues. It is becoming significantly more relevant in today's world due to the increasingly complex regulatory obligations placed on companies.
RegTech offers potential for facilitating compliance realization for regulators and financial institutions. Technology is an enabler to meet the demands of regulators. As a result, financial institutions today are increasingly interested in investing in RegTech-related services, such as Big Data analytics and Artificial Intelligence. The goal of this dissertation project is to dive into the world of RegTech, to develop prognoses, identify trends at an early stage, and to learn what impact developments in this field have on organizations.
