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Top 10 RegTech Solution Providers - 2018

Post the 2008 global financial crisis the regulatory and compliance requirements became increasingly complex, prescriptive, and lengthy. Furthermore, the fines and penalties levied on noncompliance increased multifold. This is where RegTech comes into the picture. It digitizes and automates the compliance processes. By leveraging technology-based solutions provided by RegTech companies, financial institutions can collect the data and produce reports in the formats prescribed by the different governing bodies.

RegTech companies utilize cloud computing and big data for sharing information. They help financial institutions save time and money by combining the data that these institutions have with previous regulatory failures to predict areas of potential risk. Additionally, digital transformation in the financial sector has made institutions more susceptible to data breach, cyber hacks, money laundering, and other fraudulent activities. RegTech tools monitor the transactions that take place online in real time for identifying issues or irregularities as soon as they happen. This helps financial institutions minimize the risks and costs due to lost funds and data breaches. In a nutshell, RegTech operates across various spheres in financial and regulator space including employee surveillance, compliance data management, fraud prevention, and audit trail.

After going through the companies operating in RegTech and closely examining these facts, a distinguished selection panel comprising CEOs, CIOs, VCs, and the Banking CIO Outlook's editorial board has selected a list of the top RegTech solution providers that leverage innovative technologies and strategies to drive client success. We present to you Banking CIO Outlook's “Top 10 RegTech Solution Providers - 2018.”

Company Logo Company Name Company Description
AxiomSL Delivers both technology and expertise to the world's leading financial institutions to solve the most critical regulatory and risk requirements
Capnovum Provides an up-to-date repository of regulations, obligations and regulatory news that lets financial institutions manage compliance and resource utilization across jurisdictions
Cappitech Leverages proprietary regulation technology to make it easier and cost effective for financial institutions to comply with compliance obligations
Computer Services A full-service financial technology and regulatory compliance provider serving clients worldwide
Domus Semo Sancus Domus Semo Sancus is best known for building financial tools for the unbanked, mainly SafetyNet
Hexanika Provides simplified, scalable products and services for financial services firms to tackle rapid change, regulatory pressures and increasing global competition
Hypur Offers software to financial institutions to overcome regulatory burdens and simplify compliance processes
IdentityMind Global Offers the most comprehensive compliance solution to the finance industries and also ensures that the fraud risk is as low as possible
Infrasoft Technologies Offers a wide range of banking products, framework based solutions and specialized services
PerformLine Offers a cloud-based platform that empowers compliance functions required to mitigate risk across all consumer interaction channels