Is RegTech the new Fintech?
18 Dec 2017, Re-edited by Bachir El Nakib (CAMS), Senior Consultant Compliance Alert LLC
Last year (2016), the Institute of International Finance identified seven distinct areas within compliance and regulatory reporting that have the potential to be improved upon by the introduction of regtech solutions:
-
Risk-data aggregation: required for capital and liquidity reporting and for stress testing, and is currently inhibited by antiquated IT (information technology) infrastructure and “definitional issues”.
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Modelling, scenario analysis and forecasting: required for stress testing and risk management. Due to the greater requirement from regulators to run such analyses, the computing power and intellectual capacity must be significantly boosted.
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The real-time monitoring of payments transactions: this area is currently experiencing a bottleneck due to payment systems producing incompatible transaction metadata of poor quality, which in turn severely limits the potential to detect money laundering and terrorism financing.
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Identification of clients and legal persons: which has become mandatory under know-your-customer (KYC) regulations, and which could be enhanced through the use of fingerprint and iris scanning, as well as blockchain technology.
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Monitoring a financial institution’s internal culture and behaviour: this normally requires scrutinising employee conduct through their use of e-mails and spoken word. Automating this analysis would improve compliance efficiency.
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Trading in financial markets: the regulatory requirements pertaining to such activity includes margins calculation, choice of trading venue, choice of central counterparty and assessing the impact of a transaction on the institution’s exposures. Automation of such measures would vastly improve the efficiency of both compliance and trading.
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Identifying new regulations: automating the interpretation of new regulations for a particular financial institution could reduce the overall amount of human resources currently being devoted to this task.
A rapidly growing regtech area relates to identity verification, in which the process of signing up new bank customers is being made more secure, user-friendly and efficient. Innovative solutions such as data mining, biometrics, natural language processing and visual analytics are all playing their parts in improving the client-onboarding process. Vancouver-based Trulioo is one of the most successful examples of a new identity-verification-focused regtech company. It uses more than 200 data sources to provide individual identity verification in its GlobalGateway product, which in turn provides identity verification for more than 4.5 billion people in more than 60 countries to enable banks to meet their know-your-customer (KYC) requirements. Indeed, Trulioo believes GlobalGateway offers the widest coverage in the market and “provides a reliable and trustworthy way for businesses to evaluate new and existing users through one single API”.
Blockchain could also end up being particularly useful in achieving a range of regtech solutions. Given the technology’s most appealing properties of providing an immutable, transparent and secure ledger, regulators are likely to benefit from being able to access all documented information on the ledger, which in turn provides them with a comprehensive and permanent financial audit trail. This would be especially pertinent for reporting-related compliance, which could end up being almost entirely replaced by distributed ledgers; while the current centralisation of trade clearance and reporting may also be eliminated in favour of decentralised solutions. This is likely to become a reality once the blockchain projects themselves succeed in achieving scalability in transaction processing—an endeavour that is being increasingly explored by the space’s leading projects at present.
According to research by EY, the adoption of regtech solutions is set to grow significantly, and will “contribute to increasing volumes of data around regulatory compliance and will enable more granular reporting standards, scenario analytics and horizon scanning with the capability to generate better insights for senior managers”. EY also sees the space firstly being occupied by small, disruptive regtech firms—similar in nature to the fintech start-ups—that will then lead to widespread adoption by the leading players in the market; before regtech eventually reaches a critical mass, at which point it will be deeply integrated into firms’ business strategies.
Source: ( https://internationalbanker.com/finance/regtech-emergence-next-big-disruptor/)
By Definition of 'Regtech' a blend word of 'regulatory technology'that was created to address challenges in the financial services sector through innovative technology. Regtech consist of a group of companies that use technology to help businesses comply with regulations efficiently and inexpensively. Heralded by "the new Fintech"by Deloitte " Regtech has rapidly risen in 2015, from total obscurity. But what exactly is Regulatory Technology (RegTech)? and why it became the next big thing?
At risk of sounding too simple, RegTech is pretty much what is says on the tin: the use of new technology to facilitate the delivery of regulatory requirements. Or, in slightly more words, RegTech is technology that seeks to provide “nimble, configurable, easy to integrate, reliable, secure and cost-effective” regulatory solutions (Deloitte).
In an industry prone to hype and hyperbole, ‘reg-tech’ is one of the hottest new buzzwords on the block. Referring to technology that is designed to help banks and other financial institutions (FIs) comply with the increasingly complex regulation of their sector, reg-tech is now gathering momentum in its own right.
But what is it, who needs it and where’s it going next? Here, we take a look at the rise of this new category of technology businesses and the key trends emerging in this space.
Rise of reg tech
Like its close cousin ‘fintech’, reg-tech has been around for some time in different shapes and flavours, but a number of contributing factors is now creating the perfect storm for this technology segment to thrive, including:
> Intensification of financial regulation globally post-2008 financial crash
> Massive uptick in demand on data reporting
> Challenges for FIs to capture, store, analyse data in-house
> Evolution of technologies like cloud, big data analysis
> New sources of data create opportunities for new approaches to risk
“Compliance is becoming more complex and potentially costly and so scalable and efficient platforms and automated services to reduce costs are increasingly important,” says Peter Howitt, founder and director of Ramparts EU law firm, Peter Howitt. “In addition, the wealth of electronic information available on people and companies continues to increase and represents an opportunity to change our approach to things such as credit profiling, KYC, age verification and so on.”
What is reg-tech?
Like any catchy umbrella term, ‘reg tech’ actually incorporates a myriad of different services. In a report from Deloitte that described reg-tech as “the new fintech”, some of the themes emerging in this sector were identified as the following: One is legislation and regulation gap analysis tools: helping FIs to identify the areas of their business that are not compliant. Related to that are the health check tools: keeping track across the multiple systems inside an FI on a regular basis, while others include regulatory reporting tools, activity monitoring tools and risk data warehouses. As these examples highlight, a lot of the need that reg-tech answers is related to automation and crunching/storing/capturing and processing data that these FIs need to be able to produce.
While the opportunity is clear, however innovation in this space is not easy. In an interview with bobsguide, the president of Canadian identity verification firm Trulioo Jon Jones explains that the constantly-evolving global regulatory landscape makes it challenging to innovate.
“There are 7bn people in this world who can benefit from access to fintech services, however, there are hundreds of legislations, jurisdictions and regulators across the globe that make it difficult for companies to navigate,” says Jones. “Innovation is never free from risk, but there are ways to mitigate with reasonable and appropriate policies and procedures.
“The lack of harmonisation of in-country data privacy hinders development of a global compliance program, especially for companies transacting and expanding across borders. Secure access to data combined with cutting-edge technology helps facilitate innovation for fintech products and services.”
Levelling the field
Reg tech has been around for a while, but it feels like everyone is suddenly talking about reg tech at the moment – why now? Jones points to the fact that reg tech is helping to level the playing field for established and new entrants in the financial services industry, something that's been a long time coming in the competition-starved financial services industry and that technology promises to help deliver.
“Fintech has taken off largely due to these companies seeing opportunities that incumbents haven’t seen or can’t address. With huge consumer demand for fintech products, reg tech offers a level playing field for all players, including traditional banks, challenger banks and new fintech entrants.
Not only does reg-tech seek to address the multiplying compliance obligations in a cost efficient manner, but it is nurtured and supported by governments. The UK is a great example of where this is happening. The Financial Conduct Authority (FCA) provided clarifications on the steps regtech companies must take to comply with UK regulations and have collaborated with firms through partnerships with financial institutions, accelerators and academics.”
Democratising access to reg-tech is something that Suade, a Microsoft Ventures startup is trying to do. The firm wants to help big and small banks alike adapt constantly to changes in regulation and become more cost effective. While new regulations are designed to bring transparency and stabilty to the financial sector, the practical cost and logistics FIs need to invest in understanding them is massive. Suade wants to help take care of that, leaving banks to focus on serving their clients.
“A lot of people are yearning for a benchmark that is necessary to prevent the next financial crisis,” said CEO Diana Paredes, speaking at a demo. “What we’re trying to is democratise regulation, not from compliance side so much as prudential side.”
“Lehman Brothers was a hard thing to forget – it affected everyone in the world, not just the bankers. Trust was broken between the banks and the people in the streets – everyone wanted their money back. If people stop believing in banks the economy is in real trouble. The ethos of our company is that we’re trying to prevent the next financial crisis. Banks have understood that the only way to do it is through regulation – and it’s about embracing that.”
UK regulation in the time of Brexit
The growing emphasis on financial regulation is a global phenomenon. But the idiosyncrasies of regulation that vary between jurisdictions makes this a necessarily local issue too. The UK is looked to by fintech players around the world with envy for the progressive and supportive attitude of its regulator: the Financial Conduct Authority (FCA). Just last month the FCA opened its regulatory sandbox to provide a “safe place” for fintech companies to test services and business models before being offered to the consumer without having to worry about regulation.
The thinking behind the sandbox is that fintech startups should have the opportunity to test new ideas, even if what they’re trying to build does not fit within existing rules, which FCA director of strategy and competition Christopher Woolard says often pre-date smartphones, let alone emerging technologies like biometric authentication. The very nature of disruption and innovation means this is likely to be the case with what startups are trying to build and not just in finance. While Airbnb or Uber’s approach of ‘asking forgiveness, not permission’ seems to have worked in the rental and transport spaces, fintech startups typically can’t afford to take such big risks with the law.
It's things like this that have enticed many fintech companies to the UK, with EU rules meaning that a company headquarted and licensed in London can 'passport' its business to other EU states. That is likely to change in the wake of the Brexit vote - though the impact of the UK leaving the EU is as yet totally unknown, throwing up a million unanswered questions about what this means for the financial industry and what impact it will have on regulation. Howitt says it’s too early to tell what happens next.
“We have had a Brexit vote and not a Brexit,” Howitt tells bobsguide. “We do not know if the UK will leave the EU nor, if it does, what it will be part of - for example a EEA or Swiss-style bilateral arrangements for some sectors and freedom. I think that if the UK does leave the EU then we may expect more red-tape within the EU as the UK is a moderating influence that seeks pragmatic approaches to legislation and compliance. One would expect that even if the UK leaves the EU and the EEA much of the future EU law would still be followed in the UK in order to ensure continued access to the common market.”
Could Brexit serve as a boost to reg tech? Howitt says it could help give it an additional spur since it will increase further the potential complexity and costs of doing business across border and it will also force UK providers to internationalise their offerings much more quickly.
That chimes with what Ashley Finch, SVP business development at Ireland's Silverfinch, a firm that helps asset managers and insurers meet the requirements of Solvency II directive, says:
"In the short term, volatility has been the immediate impact but over time as that volatility normalises somewhat, the crucial aspects will be maintaining balance and a productive regulatory environment for all markets and participants and not becoming even more buried in red tape."
"Reg- tech was well established before Brexit but in times of uncertainty opportunity often arises so I am sure that they level of innovation currently and the speed of advancement within the reg-tech space, it will be well placed to capture opportunities as they arise."
Trends to watch
So what’s next for this space? We asked Trulioo's Jon Jones what he sees as the key drivers for change in this sector and he talked about the growing role of mobile in identity verification.
“The breadth of data available for organisations to leverage for identity verification is made possible by mobile technology,” says Jones. “There are over 5bn mobile phone users in the world today who have created a digital footprint through these devices. Information about each mobile user is being captured electronically and this information can be used by third parties to verify the user’s identity so that they can access products and services they want. Data is meaningless unless it is organised in a way that enables people to understand it, analyse it, manage it, and enable access by third parties.”
Howitt also talked about the evolution of know your customer (KYC) and the potential for emerging technology like blockchain and social media data.
“I see real developments being made regarding the use of online social network and e-commerce platform information for KYC and identity verification purposes,” says Howitt. “I also thing that we may soon see federated KYC using blockchain technology and that would be a very big change in approaches to how to own and share our identification information, financial information.”
Another trend is that reg tech become more forward-looking, helping FIs leverage data to make decisions around risk management and anticipate issues rather than fix them afterward - especially in the trading and asset management spaces.
"The burden of regulation is bringing some innovative and cohesive thinking that is almost self-defining a new discipline within the industry," says Silverfinch's Smith. "An increasingly regulatory driven environment has required much more alignment between market participants, particularly asset managers and their investors, which has created a swathe of new demands on all their businesses."
In itself, this marriage of regulation and technology is not new. But it is becoming more and more crucial as levels of regulation rise and focus on data and reporting increases. It is also addresses a gap in a financial services market that is being disrupted at a speedy pace by FinTech – Financial Technology. In a range of areas, dynamic FinTech has been driving a more efficient and more effective way of doing things. The extension of this disruption to regulatory practice is the next logical step.
We can expect this disruption to make regulation highly data acquisitive and to involve the use of real-time information, and the incorporation of algorithms and analytics. London is increasingly being seen as the home of RegTech with a range of leading global RegTechs based in the capital.The FCA recently engaged in its own crystal ball gazing, suggesting areas where RegTech might be about to effect substantial change.
It envisioned “new approaches” to “streamline AML checks” (that would enable firms to differentiate themselves) and the use of social media and biometrics to transform how customer due diligence is done, how anti-fraud measures work and how banks “filter the wheat from the chaff when deciding whether to make a suspicious activity report”.
The automation of due diligence, using data that can be tailored to a firm’s risk-based approach, is at the forefront of this RegTech revolution. We are excited to be leading the charge on disrupting ineffective and outdated processes of regulation compliance by using Artificial Intelligence and machine learning.
Deloitte Message - We would like to share some insights below on a few of the RegTech companies who are providing solutions in the areas of Regulatory Reporting, Risk Management, Identity Management & Control, Compliance, and Transaction Monitoring. You will get an idea of where the RegTech companies are located, their size, when they were founded as well as which industry they are targeting in particular.
Explore the RegTech Universe
Total:
153 RegTechs
Regulatory Reporting
Risk Management
Identity Management & Control
Compliance
Transaction Monitoring
Regulatory Reporting
Enable automated data distribution and regulatory reporting through big data analytics, real time reporting and cloud
Company Name
Inception
Location
People
Target Industry
Service
2008
1-10
Financial Industry
Technology
Empowers businesses to build real-time reports and analytics from heterogeneous data sources with multiple data structures
2013
51-200
Financial Industry
Consulting & Technology
A single solution for processing data and distributing regulatory reports to relevant regulatory bodies
2015
1-10
Financial Industry
Technology
Data management solution for regulatory reporting and distribution
2009
11-50
Financial Industry
Technology
Reporting software for (AIFMD, FORM PF, Solvency II, COREP, Finrep, HMRC, iXBRL Reporting)
2013
11-50
Financial Industry
Technology
Trading and reporting solutions to both buy and sell side and for major service providers
N/A
1-10
Financial Industry
Technology
Regulatory software solution to allow meeting regulatory requirements such as EMIR,REMIT and MiFID II.
2006
11-50
Investment Funds
Consulting & Technology
Investment compliance monitoring, risk analysis and regulatory reporting technology
2013
51-200
Financial Industry
Technology
Solution that provides order management and information service to the fund industry
2013
11-50
Financial Industry
Technology
Regulatory reporting tool based on Big Data Analytics, real time reporting and Cloud
1989
200+
Financial Industry
Consulting & Technology
Solutions for automation of regulatory reporting and optimisation of cross-product collateral management to meet regulatory requirements
2011
11-50
Insurance
Technology
Gathers data from disparate sources and employs AI to analyse the information and automatically generate regulatory reports
2010
51-200
Financial Industry
Consulting & Technology
Central trade repository for reporting trades and transactions across multiple product classes for European regulatory reporting requirements
2017
11-50
Financial Industry
Technology
Cloud-based suite of software solutions for regulatory reporting
1991
51-200
Insurance
Technology
Fund data utility to connect asset managers and insurers for PRIIPS and Solvency II
2015
1-10
Investment Funds
Technology
Regulatory reporting for funds (CRDIV, FATCA, CRS, Solvency II, AIFMD, EMIR, MIFID II, MIFIR, PRIIPs)
2016
51-200
Financial Industry
Consulting & Technology
Suite of services for pre and post trade reporting
2016
1-10
Financial Industry
Technology
Trading solutions for the enterprises in the electronic Fixed Income and Derivatives markets to ensure regulatory compliance
2010
1-10
Financial Industry
Consulting & Technology
Cloud-based SaaS solutions for treasury and EMIR reporting
2001
51-200
Financial Industry
Technology
Enables financial authorities the supervision of financial companies with a web based data submission portal and real-time validation
Risk Management
Detect compliance and regulatory risks, assess risk exposure and anticipate future threats
Company Name
Inception
Location
People
Target Industry
Service
2013
1-10
Investment Funds
Technology
Risk analytics that detects disruptive events in global financial markets and anticipates price movements
1993
11-50
Financial Industry
Consulting & Technology
Real-time income pricing analysis and counterparty risk
2015
1-10
Financial Industry
Technology
Provides Expected Credit Losses calculations and computation of bank Risk Capital and RAROC
2012
11-50
Financial Industry
Consulting & Technology
Data management and analytics, risk monitoring, compliance workflows and reports
2008
200+
Financial Industry
Technology
Helps companies use machine intelligence and topical data analysis for risk mitigation and regulatory compliance
2002
200+
Financial Industry
Consulting & Technology
Solutions specific to banks, insurers, financial services providers, central banks, and supervisory authorities across the regulatory value chain
2014
11-50
Financial Industry
Technology
Database of US fines since 2009 with analytics on fine trends
2012
11-50
Investment Funds
Consulting & Technology
Due diligence and disclosure services for early stage offerings
2006
200+
Financial Industry
Technology
Compliance, Risk & Analytics Products and Solutions for the Global Financial Services Industry
2012
1-10
Financial Industry
Technology
Solutions for compliance management, internal control, risk management and reporting
2013
1-10
Investment Funds
Technology
FCA regulatory hosting umbrella for funds, start-ups, fintechs and financial services firms.
2000
51-200
Financial Industry
Technology
Platform for financial modelling and portfolio risk analytics
2015
1-10
Financial Industry
Technology
Automates and simplifies the governance and risk management processes
2009
11-50
Banking
Technology
Tools for multi-CCP margin calculations, what-if analysis and stress testing
2010
11-50
Financial Industry
Technology
Platform for credit risk analysis and credit opinions, asset quality review and stress testing
2014
1-10
Financial Industry
Technology
Data management, risk management and stress testing tool
2002
51-200
Financial Industry
Technology
Cloud-based risk and compliance management application
2012
51-200
Financial Industry
Technology
Analsyses structured and unstructured data to provide holistic overviews of human risk and regulatory compliance
2013
1-10
Investment Funds
Technology
Risk management solution for all risks related to AIFMD and UCITS obligations
2012
11-50
Financial Industry
Consulting & Technology
Trading analytics and risk management
2005
51-200
Insurance
Consulting & Technology
Supplier of Insurance Risk management solutions
2009
11-50
Financial Industry
Technology
Solution to detect and investigate suspicious trading
2012
11-50
Financial Industry
Technology
Linear and non-linear algorithms to stress-test asset portfolios
2000
200+
Financial Industry
Technology
Automated risk management and pre-trade/post-trade processing of listed and over the counter transactions
2001
11-50
Financial Industry
Consulting & Technology
Processes and analyses data from various sources to provide trade risk management solutions
Identity Management & Control
Facilitate counterparty due diligence and Know Your Customer (KYC) procedures. AML and anti-fraud screening and detection.
Company Name
Inception
Location
People
Target Industry
Service
1836
200+
Financial Industry
Consulting & Technology
Services for payment efficiency, compliant transactions, bank counterparty insight and AML screening
1999
200+
Financial Industry
Consulting & Technology
Provider of anti-financial crime, risk and compliance solutions
1992
51-200
Financial Industry
Consulting & Technology
Workflow applications for client onboarding, client screening, vendor risk management and front office business research
2005
11-50
Financial Industry
Consulting & Technology
KYC, AML/CFT, OFAC, FinCEN314a modules designed to assess and manage behavioural risks and streamline workflows.
2010
11-50
Financial Industry
Technology
Due diligence tool for regulatory and reputational based risk management
2011
11-50
Financial Industry
Consulting & Technology
Software to assist organisations in meeting financial crime compliance obligations and manage risk
2014
1-10
Financial Industry
Consulting & Technology
Governance, Risk & Compliance, Investment Analysis & Portfolio Management solutions
2000
51-200
Financial Industry
Technology
Uses AI and machine learning to analyse customer information from structured and unstructured data sources
2011
51-200
Financial Industry
Consulting & Technology
Solution to identify adverse information and to conduct KYC and AML compliance checks
2012
51-200
Financial Industry
Technology
KYC software for banking, finance, legal and accountancy businesses.
2009
200+
Financial Industry
Consulting & Technology
Regulatory Onboarding, Client & Counterparty Data Management and Client Lifecycle Management solutions
2015
1-10
Financial Industry
Technology
Counterparty due-diligence with questionnaires integrated
2014
51-200
Financial Industry
Consulting & Technology
Gathers and analyses data from disparate sources to provide compliance-related information, including due diligence solutions
2014
11-50
Banking Industry
Technology
Uses AI to automate the profiling of prospective and existing clients
2013
11-50
Financial Industry
Technology
KYC, Client-Onboarding, AML, DueDil Investigation & Sectorial Analysis solutions
2015
11-50
Financial Industry
Technology
Tools for KYC verification using cyber-security technology and international AML databases as well as local micro data-sources.
2013
11-50
Financial Industry
Technology
Platform to organise, manage and share corporate information to facilitate regulatory compliance
2013
1-10
Financial Industry
Consulting & Technology
KYC-Chain uses distributed ledger technology to provide businesses with secure KYC procedures that gives users ownership of their identity data
2014
1-10
Financial Industry
Technology
Solution for compliance, counterparty risk management and competitive intelligence.
2013
1-10
Banking
Consulting & Technology
Secure communication platform for KYC/CDD purposes
2012
1-10
Financial Industry
Technology
KYC tool providing businesses with automatic regulatory compliance checks during, and after, the client onboarding process
2007
11-50
Financial Industry
Technology
Focus on economic sanctions, anti-money laundering, anti-bribery & corruption and financial fraud
2015
11-50
Financial Industry
Technology
Cloud-based real-time client authentication using AI and cryptography
2007
11-50
Financial Industry
Consulting & Technology
Cloud-based trade counterparty management solution to meet regulatory compliance
2015
1-10
Financial Industry
Technology
Incorporates blockchain technology to facilitate and simplify user-controlled KYC
2013
1-10
Financial Industry
Technology
Money laundering and financial crime public risk information
2011
11-50
Financial Industry
Technology
Identity verification solutions for Anti-Money Laundering (AML) and Know Your Customer (KYC) processes
2014
11-50
Financial Industry
Technology
Interact with customer personal data using a consent-based data sharing platform
Compliance
Real time monitoring and tracking of current state of compliance and upcoming regulations
Company Name
Inception
Location
People
Target Industry
Service
2014
11-50
Financial Industry
Technology
Analyses financial algorithms to ensure regulatory compliance
2015
1-10
Financial Industry
Technology
Albany's Conect platform makes governance and oversight of third parties effortless
2015
1-10
Financial Industry
Technology
Software as a Service for Cyber Security, Risk Management and Compliance
2015
11-50
Financial Industry
Technology
Information security and tracking service. Secure e-statement, secure document sharing and email
2014
11-50
Investment Funds
Technology
Online central repository for investment data and documents
1991
200+
Financial Industry
Consulting & Technology
OIntegrated risk and regulatory compliance platform
2014
11-50
Financial Industry
Technology
Compliance reporting and assessment tools, holistic employee monitoring and risk scoring
2014
1-10
Financial Industry
Technology
Automated tracking, reporting, and compliance management for government incentives
2014
1-10
Financial Industry
Technology
Regulatoy watch based on artificial intelligence and automation
2013
11-50
Financial Industry
Technology
Artificial intelligence and machine learning tool to analyse historical email data and automatically identify anomalies
2008
11-50
Financial Industry
Technology
Real time knowledge discovery solution for "Proactive compliance assurance" and "Governance & Regulation Intelligence"
2012
11-50
Financial Industry
Technology
Online document management and collaboration for Compliance, Legal, Finance, Operations and Risk teams
2008
51-200
Financial Industry
Technology
SaaS platform for real-time data analytics, audit and flexible reporting, regulatory compliance tracking
2003
11-50
Financial Industry
Technology
Monitor employee risk and automate code of ethics compliance
2008
51-200
Financial Industry
Technology
Continuity automates the compliance management process, offering workflow solutions and regulatory alerts.
2015
1-10
Financial Industry
Technology
Regulatory compliance solution and workflow management
2012
51-200
Financial Industry
Consulting & Technology
Compliance regulatory watch and risk assessment
2013
200+
Financial Industry
Consulting & Technology
Its Enterprise Immune System technology uses AI and machine learning to detects and responds to previously unidentified threats Data Security
2012
11-50
Financial Industry
Technology
Provides real-time and automated regulatory compliance intelligence for financial instruments trading
2001
51-200
Financial Industry
Technology
Data room provider that allows highly secured access to confidential documents and safe third party access
1996
200+
Financial Industry
Technology
Order management system for trading with build in compliance tools
2010
11-50
Investment Funds
Consulting & Technology
Automated shareholding disclosure and investment restrictions
2015
1-10
Financial Industry
Technology
Trade management platform with compliance management and regulatory reporting components
2014
11-50
Investment Funds
Consulting & Technology
Data management platform that provides full oversight capabilities to ensure effective and compliant fund distribution activities
2011
1-10
Investment Funds
Technology
Governance, Risk and Compliance (GRC) solution dedicated to Investment Fund professionals
1999
11-50
Financial Industry
Consulting & Technology
Online legal compliance training and compliance reviews
2013
11-50
Financial Industry
Technology
Voice-driven collaboration platform with data analytics and workflows
2015
1-10
Financial Industry
Technology
Real-time compliance analysis, connecting businesses with compliance solutions and regulators
2015
1-10
Financial Industry
Technology
Web-based application to generate legal and regulatory documents for entrepreneurs raising capital
2009
1-10
Financial Industry
Consulting & Technology
Platform to manage compliance and generate reports
2007
11-50
Financial Industry
Technology
Automated compliance management software and real-time human behaviour analysis to detect fraud
2011
11-50
Banking
Technology
Digital audit trail of all online, mobile, and social interactions
2015
1-10
Financial Industry
Technology
Automatic analysis of digital marketing content for compliance risk and workflow solutions for remediation
2012
11-50
Investment Funds
Consulting & Technology
Advanced fund data tools, including automated document creation for KIIDs, PRIIPs KIDs, factsheets and fund prospectuses
2013
11-50
Financial Industry
Consulting & Technology
Regulatory Technology Solutions
2015
11-50
Financial Industry
Technology
Web-app that automates and optimises audits, assessments and inspections to assist with regulatory compliance
2003
11-50
Financial Industry
Consulting & Technology
Cloud-based risk and compliance portals
2014
11-50
Financial Industry
Technology
Analyses voice and other trading communication data to ensure compliance with Dodd-Frank and other regulatory requirements
2013
11-50
Financial Industry
Technology
Converts rules and regulations from pre-web formats into mobile optimised webpages and links them to related regulations and legislation
Transaction Monitoring
Solutions for real time transaction monitoring and auditing. Leverage the benefits of distributed ledger through Blockchain technology and cryptocurrency
Company Name
Inception
Location
People
Target Industry
Service
2009
1-10
Financial Industry
Consulting & Technology
Identification of unusual and significant cash flows in investment funds under UCITS and AIFMD
2010
11-50
Financial Industry
Technology
End-to-end integrity validation to prevent risks of market abuse, fraud and operational shortcomings
2014
11-50
Financial Industry
Technology
Real time analysis of blockchain transactions and the customers behind the transactions
2013
1-10
Financial Industry
Technology
Identification of illicit activity on the Bitcoin blockchain
2009
51-200
Financial Industry
Technology
Incorporates Big Data and machine learning AI to combat fraud and meet compliance in real-time
2011
51-200
Payments & Money Transfer
Consulting & Technology
Risk management solutions to track entities involved in every transaction
2014
11-50
Payments & Money Transfer
Consulting & Technology
Real time electronic verification of payment instruments with KYC identification of customers, delivering AML/CFT KYC, payments and transaction monitoring
2013
1-10
Payments & Money Transfer
Technology
Solutions for crypto-currencies using an independent approach to blockchain
2014
51-200
Payments & Money Transfer
Technology
Blockchain and distributed ledger solutions
2013
11-50
Payments & Money Transfer
Consulting & Technology
Publication of legal and regulatory changes affecting the global and emerging payments communities
2014
1-10
Financial Industry
Technology
Risk management and compliance solutions for financial services to manage digital identities and process virtual currencies transactions
2015
1-10
Financial Industry
Technology
Business intelligence and big data for the blockchain technologies
2015
11-50
Payments & Money Transfer
Technology
Innovative financial products based on cryptographic technologies, cryptocurrencies, and blockchain
1989
200+
Financial Industry
Consulting & Technology
Cyber security and compliance solutions
2014
1-10
Financial Industry
Technology
Track trade data over legacy infrastructure and risk alerting
2000
11-50
Financial Industry
Technology
Automatic transaction surveillance and compliance for the financial industry