We are happy to announce that we are amongst the 100 chosen companies, that are on FinTech Global’s list RegTech100 for 2023!
The list has been updated for 2023 to recognise the next generation of solution providers shaping the future of compliance, risk management, information security and financial crime prevention. The list aims to help senior management and compliance professionals evaluate which solutions have market potential and are most likely to succeed and have a lasting impact on the industry. We are very pleased to be on the list!
A range of factors was considered by the Advisory Board and FinTech Global team to make the final selection including:
- Industry significance of the problem being solved;
- Growth, in terms of capital raised, revenue, customer traction;
- Innovation of technology solution offered;
- Potential cost savings, efficiency improvement, impact on the value chain and/or revenue enhancements generated for clients;
- How important is it for financial institutions to know about the company?
Press release from FinTech Global:
Sixth annual RegTech100 reveals the heavy hitters transforming the regulatory technology sector.
The RegTech100 list is now live for 2023. Entering its sixth year, the list compiles the world’s most pioneering businesses in the regulatory technology market that are helping financial institutions deal with the most pressing compliance and risk management challenges.
Prior to the onset of the Covid-19 pandemic, the RegTech sector experienced explosive growth with the rise of hybrid work and increased us of digital channels. As the pandemic begins to recede from view, the popularity of regulatory technology has remained strong, with the market set to grow by a compound annual growth rate of 19.8% by 2027.
With this considered, this year’s process to select the 100 most innovative RegTech companies included the widest and most diverse range of enterprises yet. A panel of analysts and industry experts reviewed a longlist of nearly 1,300 businesses, which was produced by RegTech Analyst. They sought to highlight the solutions every leader in financial services need to know about in 2023.
RegTech Analyst director of research Mariyan Dimitrov said, “With the rapid changes in regulatory frameworks, working habits and customer expectations, compliance and regulatory technology continue to be a growing area of investment for financial institutions as they streamline their operations. The RegTech100 list helps senior executives get a better ROI on that spending by highlighting the leading companies in areas such as onboarding, risk management, fraud prevention and information security ”
A full list of the RegTech100 and detailed information about each company is available to download for free at www.RegTech100.com .