The amount of regulation that financial firms must comply with has exploded since 2009 with around 60,000 documents published since then, according to regtech provider JWG. Companies are now collectively spending billions just managing this burden. If they get it wrong, fines and cost of lost reputation for non-compliance can run into yet more billions. Anything that reduces this burden will impact bottom lines significantly, which is why regtech solutions have swamped the market over the last few years. But cutting the cost of compliance and compliance failures is just one way that regtech can help companies increase competitiveness; myriad others are emerging.