Policy and regulation guide the development of technology and to manage the risks associated with it. It can also help ensure that technology is developed in a way that is ethical and responsible.

Policy and regulation guide the development of technology with human-centric values and ensure its ethical and responsible use. Regulatory oversight and ethical frameworks are essential in enforcing standards, offering ethical guidance, and assessing societal impacts. Digital tools are employed to scan and organize data to identify potential policy and compliance shifts, while regulatory technology (RegTech) enhances risk management and compliance in financial institutions.

One of the key applications of policy and regulation is cybersecurity, where technology policy helps establish standards for secure software development, encryption, and data protection. In financial institutions, RegTech aids in identifying and mitigating financial crime through Know Your Customer (KYC) procedures and ongoing due diligence. The integration of such technologies ensures that advancements in tech are aligned with ethical guidelines and regulatory requirements.