Financial institutions are increasingly deploying artificial intelligence (AI) technologies to automate and augment compliance activities. This paper examines the financial sector’s use of AI-based regulatory technology (RegTech) and argues that both AI-based RegTech programs and developers function as regulatory intermediaries. It explores how the increasing agency and competencies of these technologies create incentives to delegate and introduces delegation problems. Through a comparative study of financial regulators in the UK, Singapore, and Hong Kong, the paper examines how regulators have converged in constructing systems of control to harness the competencies of these intermediaries and mitigate delegation problems.