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Top 10 RegTech Solution Providers - 2017

Mitigating compliance risks is indispensable for the success of banking organizations. However, overlapping state and federal regulatory frameworks add complexity to banking operations. RegTech solutions assuage the situation for banks as they automate the rule-based, repetitive tasks associated with know your customer (KYC) and customer due diligence (CDD) processes and enable banks to meet the regulatory requirements.

Banks can deploy RegTech solutions which gather real-time information and subsequently present a clear view of customer profiles, facilitate analysis of compliance issues, and simplify compliance procedures. Designing internal processes that fit the framework of multiple regulations becomes simpler as these solutions present a unified view of the rules associated with a specific banking activity.

Like any other arena, RegTech solutions landscape has no dearth of solutions and thus zeroing in on the apt one remains an uphill task for a CIO. To tread on the right path, Banking CIO Outlook has become a torchbearer in the RegTech solutions landscape. After a thorough analysis of several hundred RegTech vendors over the past few months, our distinguished panel comprising CEOs, CIOs, and analysts, including Banking CIO Outlook’s editorial board has reviewed and selected the top companies in the RegTech domain. In our selection process, we evaluated a vendor’s competency to provide efficient as well cost-effective RegTech solutions and services.

We present to you Banking CIO Outlook’s Top 10 RegTech Solution Providers - 2017.

Company Logo Company Name Company Description
Ascent Technologies A RegTech organization that combines a SaaS platform with intelligent content to provide customized tools and targeted advice
Compliance.ai Offers an AI-powered solution that automatically curates real-time financial regulatory information, from a variety of sources such as federal and state agencies, existing and new regulations, among others
ComplyAdvantage Offers platform for businesses which enable companies to send fast and low-cost payouts to on-demand workers, suppliers, and employees globally
Corlytics Offers risk intelligence solutions to support the regulatory needs of banking services
CUBE Transforms the way global financial institutions manage their compliance by automating the implementation of global regulatory change
CXi Software Provides investor registry software that automates and streamlines back office administration for fund managers
Gecko Operating Provides RegTech fund management regulatory solution that allows users to schedule, manage and monitor a large portfolio of investment fund’s regulatory and compliance requirements in real-time
IDwall An IT security firm providing proven identity validation and fraud prevention solutions in a reliable and automated fashion
Kompli Global Offers an AI-based digital assistant which interrogates a wide variety of global data sources to help financial institutions comply with AML and KYC regulations
Mitek Systems [NASDAQ:MITK] Offers ID document verification that allows enterprises to verify user’s identity and enabling them operate in highly regulated markets to transact business safely