RegTech: Because even compliance deserves a tech upgrade
DataQuest|February 2025
The business environment is getting increasingly complex in India as the country embraces its digital future. From data privacy to digital lending norms and strict anti-money laundering measures, regulators in the country have increased their efforts to make sure there is transparency, accountability, and protection in this age of rapid technological innovation.
Aanchal Ghatak
RegTech: Because even compliance deserves a tech upgrade

The changing regulations are important to protect both businesses and consumers, they have brought new challenges, especially for SMEs, who now have to navigate a maze of rules with limited resources.

As India positions itself as a burgeoning economic superpower, the regulatory environment is evolving rapidly to support this growth. In January 2025, the Indian Finance Ministry initiated the search for a new head of the Securities and Exchange Board of India (SEBI), signalling a commitment to strengthening market oversight and investor protection.

Concurrently, the global RegTech market is experiencing significant expansion, with projections indicating a compound annual growth rate (CAGR) of 12% to 15.5% from 2025 to 2030.

This surge is driven by the increasing need for efficient compliance solutions amidst evolving regulatory frameworks.

Regulatory Technology, or RegTech, has emerged as a critical tool for businesses seeking to streamline compliance and reduce risk. As the regulatory framework becomes increasingly dynamic and complex, the adoption of RegTech solutions requires businesses to change their operations, which is often beset by technical, financial, and operational challenges.

To understand how industry leaders are approaching these challenges and leveraging RegTech to not only comply but gain a competitive advantage, I spoke with three leaders: Jaya Vaidhyanathan, CEO of BCT Digital; Paritosh Desai, Chief Product Officer of IDfy; and Dr. Yusuf Hashmi, Group Chief Information Security Officer at Jubilant Bhartia Group.

Their insights are driven into the evolution of the role of RegTech in ensuring compliance strategies, its transformative effects on businesses, and the critical importance of collaboration among regulators, technology providers, and enterprises in building a resilient, future-proof regulatory ecosystem.

A MULTI-FACETED REGULATORY EVOLUTION

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