These RegTech companies are leading the charge for the global financial service industry
The 4th annual RegTech100 list reveals the world’s most innovative RegTech companies that every financial institution should know about in 2021.
As the need to address the mission-critical challenges of meeting regulatory demands becomes even more pressing, RegTech companies are innovating at rapid pace to provide new and more effective solutions.
The prestigious RegTech100 list awards much-deserved recognition to the companies that are developing new solutions that address key problems across the compliance value chain. In addition, many are already establishing strong credentials by selling to, or partnering with, major financial institutions, or raising investment capital from leading venture and corporate investors.
The RegTech industry has scaled dramatically in recent years. Over $20bn has been invested in third-party RegTech companies since the beginning of 2015. Whilst it looks likely that restrictions caused by COVID-19 will dampen the total investment in 2020, the momentum has been strong enough to be raise more in the first three quarters of this year ($5.1bn) than for the whole of 2018 ($4.9bn).
The unrelenting demand for RegTech solutions and the increased number of potential providers have made the RegTech100 more competitive each year. This year the research team at RegTech Analyst (a division of FinTech Global) created a longlist of over 1,000 RegTech companies which were evaluated by a panel of analysts and industry experts.
Sixty-two new companies entered the RegTech100 for the first-time in 2021. All 100 companies should be on the radar screen for leaders across the compliance, technology and innovation functions within banks and other financial institutions.
Among the RegTech100 innovators are the following industry-leading companies:
ACTICO: a leading international provider of software for intelligent automation and digital decisioning to manage risk, fulfil regulatory obligations and prevent fraud.
Apiax: a RegTech company building digital solutions that enable financial institutions to comply with regulations worldwide.
Armadillo: provides reports on 380m companies and 5bn individuals plus PEPs, sanctions, adverse media and ID verification for KYC/EDD.
BearingPoint RegTech: an international provider of innovative regulatory, risk, and supervisory technology solutions and services along the regulatory value chain.
Bureau van Dijk (BvD): provides information on nearly 400 million companies, Bureau van Dijk captures and treats entity data for better decision-making and increased efficiency.
Capnovum: delivers a global, industry agnostic, regulatory change management platform with fully automated horizon scanning and real-time impact assessments.
Compliance.ai: helps BFSI firms transform RCM, thereby reducing compliance risk for compliance officers, risk officers, and general counsel.
Df2020: offers dialogue-driven technology which can digitize complex rule-based knowledge such as regulations and procedures.
Fourthline: end-to-end solution for bank-grade KYC and fraud detection providing industry-leading conversion and compliance levels.
KYC Global: founded by experts in financial crime prevention, provider of best-of-breed RiskScreen AML software and leading compliance portal, KYC360.
Red Oak Compliance: the advertising compliance review software of choice in the financial services industry.
RegCentric: delivers innovative services and solutions that take a holistic approach across risk management, regulatory reporting, and data management.
Sphonic: provides a ‘low-code’ Identity Orchestration solution allowing organisations to automate KYC, KYB, AML & Fraud Transaction monitoring processes via a single API.
The Technancial Company: provides real-time risk management and trade surveillance tools to and for global markets.
Tookitaki: globally recognized RegTech company providing proven, scalable, easily implementable and explainable AI-powered smart solutions in the AML/CFT and Reconciliation spaces.
Trulioo: leading provider of real-time identity and business verification for 5bn people and 330m companies worldwide through a single API.
Veratad Technologies: world class provider of online/real-time Identity Verification, Age Verification, Fraud Prevention and Compliance Solutions.
To see the complete RegTech100 list, you can download the report for FREE from the RegTech100 website.
Originally published at https://www.linkedin.com.
