What is global regulatory compliance?

In a world where technology and finance has brought the world closer, the changes that have occurred has resulted in clients looking for faster and accurate solutions for their firm’s financial needs. It goes without saying that global regulatory compliance is vital to the success of any product that is not only under scrutiny in the product development and testing phase but is also an ongoing process that is conducted by the regulatory authorities while in use. Since every product needs to follow the guidelines provided in complying with government regulations, every industry in one way or another has to remain cognizant of these regulations. Take for example, the financial services software industry which caters to firms and...