Top 10 Compliance & RegTech Moves
October 2023 Edition · GrowStream Media
This wasn’t a month of blockbuster fines or splashy regulatory U-turns. Instead, the real action happened in the trenches of financial operations, where the industry’s plumbing is being ripped out and replaced. The conversation has shifted decisively from *if* firms will automate core compliance functions to *how*—and how quickly. The convergence of real-time payment demands, the seismic data shift of ISO 20022, and maturing AI capabilities is creating a perfect storm, or a perfect opportunity, depending on your tech stack. This month’s list is dominated not by regulators, but by the technologies and vanguards forcing a long-overdue modernization of the back office. The age of manual exception handling is over; the era of the autonomous financial operation has begun.
#1 Pega
Why they’re on the list: The enterprise software giant seized the narrative at Sibos, positioning its platform as the essential nervous system for the future of automated payment compliance.
Pega’s talk in Frankfurt wasn’t just another vendor pitch; it was a strategic masterclass in defining a problem that every bank is bleeding money on: exception handling. By explicitly linking this operational nightmare to the dual pressures of ISO 20022 data and real-time payment speeds, Financial Services Industry Principal Kelly Wilson effectively told the industry that its old way of doing business is fundamentally broken. This move is significant because it elevates Pega from a workflow tool to a core strategic enabler. They’re not just selling software to manage
