For the second year in a row, Acuminor is on the RegTech Analyst RegTech100 list.
The RegTech100 is an annual list of 100 of the world’s most innovative RegTech companies selected by a panel of industry experts and analysts. These are the companies every financial institution needs to know about as they consider and develop their mission critical RegTech and digital transformation strategies. We are very proud to be on the list!
These factors, amongst others, were considered by the Advisory Board and RegTech Analyst 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 a financial institution to know about the company.
Press release from RegTech Analyst:
Fifth annual RegTech100 list announced to highlight the tech companies transforming regulatory processes in financial services
The new RegTech100 list for 2022 is launched today. Now in its fifth edition, the list recognizes the world’s most innovative technology solution providers that offer products and services in the areas of compliance, risk management, information security and financial crime.
The RegTech (regulatory technology) industry has experienced rapid growth over the last two years as financial institutions dealt with rising tide of regulatory changes and rules updates brought by remote working and increased use of digital channels post Covid-19. As a result, RegTech spending by banks and other highly regulated institutions is projected to exceed $130bn by 2025.
Thus, it’s not surprising this year’s process to identify the 100 RegTech innovation leaders was more competitive than ever. A panel of analysts and industry experts voted from a longlist of nearly 1,200 companies produced by RegTech Analyst, a specialist research firm. Sixty new companies entered the RegTech100 for 2022 and the finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate efficiency improvements across the compliance function.
RegTech Analyst director of research Mariyan Dimitrov said, “Banks and other financial institutions are investing heavily into AI capabilities to automate highly manual regulatory tasks, support digital onboarding processes and monitor for fraudulent activity. The RegTech100 list helps them filter through all the vendors in the market by highlighting the leading companies in sectors such as identity verification, risk management, communications monitoring, information security and financial crime prevention.”
A full list of the RegTech100 for 2022 and detailed information about each company is available to download for free at www.RegTech100.com .