The new RegTech100 list for 2021 is launched today. The prestigious list recognizes the world’s most innovative technology solution providers that address the challenges of ever-increasing regulatory pressures within financial services.
The RegTech (regulatory technology) industry has experienced huge growth in recent years as banks and other financial institutions grapple with the unrelenting pace of regulatory change across all jurisdictions. Over $5bn has been invested in RegTech companies so far in 2020, according to data published by RegTech Analyst, as compliance requirements become even more complex due to the shift to remote working in response to Covid-19 restrictions.
As a result, 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 over 1,000 companies produced by RegTech Analyst. Sixty-two new companies entered the RegTech100 for 2021 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 need to be aware of the latest RegTech innovation in the market to avoid new compliance risks and stay competitive despite new regulations around customer onboarding and remote communication post Covid-19. The RegTech100 list helps senior management 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 reporting.”
The complete RegTech100 list and research report are available for FREE at www.RegTech100.com.