RegTechs are also increasingly used in the mining, oil and gas sector to help companies comply with environmental and safety regulations. Companies in these industries must comply with a large number of complex regulations, such as environmental, safety and health regulations, which can be difficult to put in place manually. RegTechs offer innovative solutions to help businesses comply with these regulations. For example, some RegTechs use data analytics to monitor air and water quality around mining or oil sites, while others use artificial intelligence to identify potential security risks on Site
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