For the 2nd year running, RegBot® retains its ranking amongst the the world’s most innovative RegTech firms in the latest Global RegTech 100 list selected by a panel of analysts and industry experts who assessed over 800 firms globally.
The world’s most innovative technology solution providers that address the challenges of dealing with regulatory issues within financial services, are named in the RegTech 100 list which was announced on 20th Nov 2018.
The RegTech (regulatory technology) industry has seen huge growth in the last two years as banks and financial institutions grapple with the unrelenting pace of regulatory change across all jurisdictions. Over $4bn has been invested in RegTech companies since the beginning of 2016.
As a result, this year’s process to identify the leading 100 companies in the RegTech space was even more competitive than last year. A panel of analysts and industry experts voted from a longlist of 824 companies produced by RegTech Analyst – a specialist research firm, compared to a list of 416 last year. The finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function.
RegBot® was one of only forty-five companies to retain their rank, as fifty-five new companies entered the RegTech 100 this year. Coupled with the fact that the number of companies assessed this year was almost double the number assessed last year, we are honoured and proud to be included in the list.
“The impact of the most innovative RegTech companies will be measured in billions of dollars over the next few years,” according to Mariyan Dimitrov, head of research at RegTech Analyst. “RegTech 100 companies offer solutions that enhance processes across the entire compliance function, including onboarding verification, risk management, communications monitoring, information security and reporting by using the latest technologies such as artificial intelligence, blockchain, natural language processing and biometrics.”
The full research report on the global RegTech space and profiling the 100 selected companies, including RegBot®, is available at www.regtech100.com