Top RegTech Solution Companies
A Report from the Front: Transforming IT to Enable Business Strategy

Top 10 RegTech Solution Companies - 2020

The growing incidents of financial crimes like money laundering, terrorist financing, bribery, corruption, and insider dealing in organizations are driving exponential growth in the RegTech industry. As a result, RegTech integrated with analytics and cognitive capabilities are increasingly being deployed to analyze financial transactions and detect fraud in real-time. The growth of digital services in banking and financial institutions has led to an increasing frequency of data breaches, cyber-attacks, and other fraud activities, which are being combated by RegTech solutions. Alongside, RegTech solutions are also being used in crime prevention where it provides timely alerts on any potential frauds or illegal transactions.

Meanwhile, RegTech solutions with intelligent process automation systems are minimizing human intervention to speed up routine tasks and reduce possible errors. Fueled by technological advancements, the RegTech space is now moving toward solving problems for compliance and risk teams of organizations, saving a considerable amount of time and money while reducing their risks in the process. With financial institutions and enterprises struggling to stay compliant with new and existing regulations, organizations are adopting RegTech to help them in their business transformation.

Stifled by a relentless wave of regulations and legacy infrastructure, organizations are turning toward RegTech solutions that combine the best of software and automation to address regulatory challenges and close compliance gaps. With advanced solutions in place, organizations are now digitizing and automating their key functions and compliance processes, collecting data, and producing reports that follow specific formats. As the regulatory environment demands faster access to more data, this has enabled RegTech solution providers to adopt artificial intelligence-based tech solutions.

RegTech is changing the way businesses look at regulatory compliance. From offering an automated path through the maze of regulations to providing additional insights, RegTech is helping businesses gain a competitive advantage. As the benefits of using RegTech solutions are numerous, financial institutions and organizations need to team up with the right solution provider to meet compliance and regulatory requirements. To help companies find the leading-edge solution providers, Banking CIO Outlook has compiled a list of the “Top 10 RegTech Solution Providers – 2020.” These featured organizations are at the forefront of transforming the financial services sector with their disruptive technologies. The magazine also comprises informative insights on the latest trends, innovations, and suggestions from subject matter experts and industry leaders.

We present to you Banking CIO Outlook’s, “Top 10 RegTech Solution Providers – 2020.”

    Top RegTech Solution Companies

  • Cisive is a global provider of compliance-driven human capital management and risk management solutions. The company’s core onboarding and pre-employment background screening offering provide clients with a streamlined, high quality, and regulatory compliant solution. Comprehensive services include background screening, vendor/contractor screening, executive screening, drug testing, fingerprinting, paperless onboarding and electronic Form I-9/E-Verify solutions. Cisive is recognized by the National Association of Professional Background Screeners (NAPBS) and was named for the second consecutive year by HRO Today to the 2018 Baker’s Dozen Customer Satisfaction rankings as one of the Top Pre-Employment Screening Providers

  • Cognive offers unified cognitive ecosystem powered by Active AI and Distributed protocols to ensure regulatory requirements are met by financial firms. The company provides unified cognitive ecosystem—Human Enhancement Artificial Technology platform (HEAT) that functions as an end-to-end analytics platform that integrates financial processes and employees’ information into a holistic AML system by extracting all the relevant insights from internal and external sources. Additionally, HEAT platform generates detailed and structured reports and transforms all the data and events into granulated knowledge to form the basis of the Active AI mechanism that activates the real-time decision-making process

  • Encompass Corporation carefully listens to and understands its client's needs and requirements. The company then develops an automated process that collects data through various disparate sources and creates a consolidated customer profile that meets all the regulatory and compliance specifications

  • The aim of the company is to help financial institutions (FIs) bank high-risk businesses such as Hemp, CBD, cannabis, and MSB with its platform for automating on-boarding and ongoing requirements. VeriLeaf assists FIs by automating compliance, risk assessment, and mitigation, as well as advanced due diligence through its modern RegTech platform. It optimizes the on-boarding, review, and ongoing compliance required for Hemp & Cannabis banking and provides completely configurable applications and workflows based on the compliance requirements of the FI

  • Fico


    Headquartered in Silicon Valley USA, FICO™ (NYSE:FICO) is a leading analytics software company, helping businesses in 80+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company’s groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of its products reach industry-wide adoption — such as the FICO® Score, the standard measure of consumer credit risk in the United States

  • IDwall


    Empowers SMB and enterprise businesses with compliant, scalable and secure identity verification, which enables them to build and sustain trust in an unsafe digital world. It helps to reduce fraud while providing a frictionless, on-demand customer experience. The company mission is to solve the lack of trust and credibility in the digital age with our identity verification, document authentication and KYC/AML solutions

  • InfoCert


    InfoCert is the largest Certification Authority in Europe, a renowned provider of digital transactions management (DTM) solutions and trusted services. In the past 15 years, InfoCert served more than 2.000 corporate customers in more than 20 countries. InfoCert holds a significant number of patents in the “digital trust” space while the ISO 9001, 27001 and 20000 certifications testify their commitment to the highest level of quality in the provision of services and in the management of IT security. Headquarted in Italy, InfoCert holds a 51% stake in Camerfirma, the leading certification authority in Spain, and 50% in LuxTrust, the leading Trust Services Provider in Luxembourg

  • iSPIRAL IT Solutions

    iSPIRAL IT Solutions

    iSPIRAL IT Solutions Ltd is a leading provider of regtech software solutions. They are a boutique-style software company delivering tailored solutions for resolving specific client problems. iSPIRAL takes a holistic approach to KYC and AML that can handle the entire on boarding process to ensure that their clients can attain regulatory compliance. They calculate the risk rating for both individual and legal entities with intelligent algorithm. The company’s expert compliance team comprehends the dynamic regulatory global landscape to provide the right input to the developers to incorporate the changes into the software

  • KYC Global Technologies

    KYC Global Technologies

    Identifying the increasing money laundering activities globally, KYC Global Technologies, an AML screening and client lifecycle risk management technology supplier provides industry-best audit capture and reporting solutions. These novel RegTech tools are designed with the capability to help businesses to manage financial crime risk effectively whilst driving improved standards of risk governance. The company renders the world’s first 3D risk-based batch screening solution, RiskScreen BATCH enabling businesses to batch screen their entire customer base against the world-leading Dow Jones datasets in a fully risk based fashion. It is incorporated with speedy 'bulk match' process for handling potential hits, complete workflow and audit capture capability, laser-sharp MI and reporting

  • Wolters Kluwer

    Wolters Kluwer

    Wolters Kluwer ( is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2019 annual revenues of €4.6 billion. Listed on Euronext Amsterdam, Wolters Kluwer shares (WKL) are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program