Banks, credit unions, credit card companies, insurance companies, stock brokerages, investment funds, and more must report their activities to government regulatory agencies. Following financial crises in the late 2000s, regulatory compliance has become stricter and more onerous on financial services companies like those listed above.
From the stricter need for reporting and the massive amounts of data generated by financial institutions, the regtech industry has sprung up, combining regulatory reporting and big data technology.
Whether for vehicles, industrial equipment, or mental health conditions, diagnosis is crucial to resolving problems but very difficult to do remotely. Thankfully, however, new advances in technology and artificial intelligence have made remote diagnostics possible.