Which specific technological architectural shift in modern banking allows for the modular deployment of banking services by decoupling the front-end user interface from the back-end core banking processing engines through a standardized set of communication protocols that facilitate the integration of third-party financial service providers?

Which specific category of technology is employed by financial regulators to automate the oversight, monitoring, and analysis of financial institutions through real-time data feeds, thereby moving away from traditional periodic manual inspections?

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?