Workiva Platform Changing the RegTech Compliance Game in 2020

July 9, 2020

Excerpt from, "Rising Stars of Regtech Compliance Solutions," by Jon Yarker of MirrorWeb. 

Once only comprised of a plucky few start-ups, the RegTech landscape has rapidly grown with spending on the sector expected to hit $76bn by 2022. At the same time, the pace of regulatory change shows no signs of abating to the dread of firms throughout the financial services industry.

These businesses are already having to cope with squeezed margins and heightened competition pressures. Thankfully for them, they are now spoilt for choice when it comes to sophisticated and helpful RegTech compliance solutions with several rising stars already changing the game for 2020.

As RegTech solutions go, Workiva (NYSE:WK) is extremely helpful in the way it's designed to provide a holistic service. It has become increasingly crucial to regulated firms that they can show, on demand, evidence of their systems and processes to regulators.

Workiva provides an end-to-end solution, overseeing the management of data (from numerous sources, documents and data sheets), with reporting designed for the benefit of compliance interaction.

According to Workiva, nearly 70% of organisations have made significant business decisions based on inaccurate financial data.

Therefore, this RegTech offers a degree of risk mitigation too and has developed a framework that champions centralisation as part of a reporting process. As you can see below, Workiva clients benefit from having numerous data sources pulled together in a cleaner and more concise package. 

Read the full article here.

For the latest news and information, visit the Workiva Newsroom.

Multimedia Files:

View All Press Releases