Factors Affecting Adoption of Regulatory Technology (RegTech) in Enhancing Compliance Management: A Focus on Kenya’s Collective Investment Schemes

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This thesis investigates the factors influencing the adoption of Regulatory Technology (RegTech) among Collective Investment Schemes (CISs) in Kenya. Using a mixed-method research design, it integrates quantitative survey data with qualitative insights from industry experts to examine how technological, organizational, institutional, and individual factors shape RegTech adoption. The analysis is guided by the Technology Acceptance Model (TAM), the Unified Theory of Acceptance and Use of Technology (UTAUT), and Institutional Theory, providing a comprehensive lens for interpreting technology adoption dynamics in compliance management processes within a regulated financial environment. The results show that all four constructs exhibit positive and meaningful associations with RegTech adoption, collectively explaining a substantial proportion of its variance. The findings indicate that effective RegTech implementation requires the combined presence of technological readiness, strong organizational support, enabling institutional conditions, and positive individual attitudes. Overall, the thesis contributes to the emerging RegTech literature in developing economies and offers practical implications for regulators, CIS managers, and technology providers seeking to strengthen digital compliance and governance.

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Regulatory Technology (RegTech), Technology Adoption in Compliance Management, Collective Investment Schemes (CISs)
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