Regulatory Technology vs Traditional Auditing

Developers should learn RegTech when working in finance, banking, insurance, or any heavily regulated industry where compliance is critical, such as for anti-money laundering (AML) or Know Your Customer (KYC) requirements meets developers should learn traditional auditing when working in industries like finance, healthcare, or government where regulatory compliance (e. Here's our take.

Regulatory Technology

Nice Pick

Developers should learn RegTech when working in finance, banking, insurance, or any heavily regulated industry where compliance is critical, such as for anti-money laundering (AML) or Know Your Customer (KYC) requirements

Pros

• It's used to build systems that automate reporting, detect fraud, and ensure adherence to laws like GDPR or Dodd-Frank, helping companies avoid penalties and streamline operations
• Related to: financial-technology, risk-management

Cons

• Specific tradeoffs depend on your use case

Traditional Auditing

Developers should learn Traditional Auditing when working in industries like finance, healthcare, or government where regulatory compliance (e

Pros

• g
• Related to: internal-controls, risk-assessment

Cons

• Specific tradeoffs depend on your use case

The Verdict

These tools serve different purposes. Regulatory Technology is a concept while Traditional Auditing is a methodology. We picked Regulatory Technology based on overall popularity, but your choice depends on what you're building.

The Bottom Line

Regulatory Technology wins

Based on overall popularity. Regulatory Technology is more widely used, but Traditional Auditing excels in its own space.