General Studies · Financial Technology
Analyze the following statements about RegTech (Regulatory Technology): I. RegTech solutions focus primarily on enhancing the core revenue-generating business processes of a bank, such as direct wealth management and core lending systems. II. A key application of RegTech is automating the filing of regulatory reports and ensuring continuous monitoring of transaction data for Anti-Money Laundering (AML) compliance. III. The adoption of RegTech is driven primarily by the need to manage increasing regulatory complexity and the resultant higher compliance costs. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1I, II, and III
- 2Only II and III✓
- 3Only I and II
- 4Only I
Correct answer
Only II and III
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Financial Technology MCQs →Want more practice questions on Financial Technology?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Financial Technology