Abstract
Through this research, we will be analyzing the Effect of RegTech on Compliance Costs and Risk Management in the Banking Sector, mainly with the eye of people in administrative roles in Saudi Banks, a total of 232. A new technological trend is reshaping the financial industry, RegTech, marked by various advanced technological processes and automation. The main findings show that RegTech significantly reduces compliance costs, confirming its cost-saving potential. Therefore, Employee perceptions are critical to integrating and adopting RegTech within business operations. In addition, RegTech improves risk management systems with more accessible procedures and better internal controls. This proves RegTech’s ability to improve the banking processes and strengthen the risk management system. Proportional to the organizational support, tool investments, and tool diversity interactions are moderated, and operational efficiency is enhanced. This research contributes significantly to the more profound knowledge of the implication of RegTech in the Saudi banking sector, which facilitates transformation through renewed practices in the industry alongside its efficiency.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
