The third annual RegTech 100 list has just been announced and we are delighted to be included in this prestigious group of companies. The RegTech 100 comprises those tech companies that are transforming compliance, risk management and cybersecurity. RegTech Analyst is a specialist research firm.
In recent years the RegTech (regulatory technology) industry has established itself as one of the most important sectors within financial technology. In the past three years alone, it has enjoyed tremendous growth, with over $14bn invested in RegTech companies since 2016.
As RegTech themselves explain, announcing the latest list, “in line with this growth, this year’s process to identify the leading 100 companies in the sector was more competitive than ever. A panel of analysts and industry experts voted from a longlist of over 1,000 companies produced by RegTech Analyst. Fifty-three new companies entered the RegTech100 for 2020 and the finalists were recognised for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function.”
“Employing RegTech solutions to modernise the compliance function is now mission-critical for financial institutions globally” said Mariyan Dimitrov, head of research at RegTech Analyst. “And even though 51% of RegTech 100 companies are based within the UK or US, the spread of RegTech innovation has seen companies from another 23 countries make the list.”