The
2021 RegTech100 is launched today by specialist research firm RegTech Analyst.
The prestigious list recognizes the world’s most innovative technology solution
providers that address the challenges of dealing with regulatory pressures
within financial services. KYC Portal has once again been chosen and is part of the list of top providers for 2021!
The RegTech (regulatory technology) industry has experienced
huge growth in the last few years as banks and 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 the compliance challenges have only been exacerbated
by the shift to remote work during Covid-19.
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 in
order 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.”
A full list of the RegTech100 can be found at
www.RegTech100.com. More detailed
information about the companies is available to download for free on the
website.
#RegTech100