RegCentric named in RegTech100 for second consecutive year.
Sydney 13 December 2022.
RegCentric has announced that it features in the RegTech100 list for 2022. 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.”
“It is an honour to feature in the prestigious RegTech100 listing for the second consecutive year. Being recognised on a global listing is testament to our team’s ability to deliver scalable reporting solutions, in true partnership with our growing client base. By bringing together our deep domain expertise and technology know-how, we are delivering a modern reporting platform that supports Firms to be more efficient, improve controls and governance , and to stay on top of the continuous regulatory change,” said Thomas Verlaet, Founder and principal consultant at RegCentric.
Reg360 delivers a central system-of-record for enterprise reporting. It automates any regulatory submission for any regulated industry that supports a standardized taxonomy. The Reg360 reporting hub enables team collaboration, integrated analytics, data lifecycle management, data lineage and controls; and full traceability for regulatory reporting.
A full list of the RegTech100 for 2022 and detailed information about each company is available to download for free at www.RegTech100.com.