Rapidly evolving regulatory requirements and increasingly complex banking business models are driving financial institutions to adapt and embrace innovation and technological transformation to remain competitive. The Monetary Authority of Singapore (MAS) is encouraging banks to harness the power of RegTech combined with business knowledge to enhance their ability to meet changing regulatory obligations. Modern technologies like Natural Language Processing (NLP) and Machine Learning (ML) could be leveraged to build intelligent automation, thus creating efficiencies and insulating financial institutions from regulatory change.