The article considers regulatory technologies as one of the key topics in finance digitalization due to the consistent growth of fraud, compliance rules, and procedures. It also gains attention in other traditional industries to answer similar scope of challenges. Regulatory technologies have become a common element of digitalization which allows for effective management of a growing administrative burden and reduces associated risks. At the same time, regulatory technologies adoption can be considered as an indirect indicator of the digitalization effects, including the growth of regulatory burden. This paper identifies the main objectives of regulatory technologies adoption relevant to traditional industries (telecommunication, trade, manufacturing, transport, construction, energy and utilities, healthcare, public administration). Based on the results, the study offers the prospects for regulatory technologies development in these industries according to the proposed composite index. It comprises nine indicators in four groups measuring financial losses from fraud and data leakages, administrative compliance workload, the digital maturity of sectors. The results indicate that the highest potential for regulatory technologies adoption, apart from service (finance, telecommunication, trade), is significant for manufacturing and healthcare due to a high frequency of fraud, data breaches, high compliance costs, and new regulatory requirements associated with the increasing pace of digitalization.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2025 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.