Fintech Global has published its REGTECH100 for 2020, the analyst company’s annual list of what it believes to be the most innovative and influential regulatory technology companies in the world, as chosen by a panel of industry experts.

The 100 were selected against a number of criteria, including: the significance of the problem being solved for the financial services sector; growth in terms of venture capital (VC) investment, revenues, and customer traction; technology innovation; potential cost savings, efficiency improvements, impacts on the value chain, and/or revenue enhancements from applying these technologies; and how important it is for institutions to know about the company from a strategic or operational perspective.

The list includes a number of UK-based companies – alongside others that operate in the UK among other bases worldwide.

Companies in the 2020 list that are primarily based in the UK include: Edinburgh’s reporting, processing and control specialist Allatus Unity, which predicts 2019 revenues of up to $1 million and has reported VC funding to date of $2.3 million.

Also in the list are reporting, risk and compliance management provider AxiomHQ; process tools and control specialist Capnovum; automated risk investigation firm Caspian; and monitoring and detection provider Corlytics.

London and New York City based reporting and data management specialist CSS makes the list too, with anticipated 2019 revenues of over $35 million, despite being founded as recently as 2016.

Research compliance and data capture analysis provider Feedstock; enterprise compliance specialist Glassbox; governance software firm Governor; and anti-fraud ecosystem supplier Helicor are also among the strong showings for the UK’s RegTech sector.

Regulatory reporting specialist Kaizen Reporting makes the list as well, with operating regions that include the EU, US, Canada and Asia, as well as the UK. The company aims to identify reporting errors at source.

Biometric authentication player iProov; consulting services provider Kx; risk management and data science provider KYCGlobal; content assurance provider MirrorWeb; friction-free onboarding firm NorthRow; regulatory software maker Redland; and regulatory solutions provider RiskSave are also in the global top 100 for 2020, according to Fintech Global.
With anticipated revenues in five years’ time of up to $50 million (by its own forecasts) and staff numbers that could rise as high as 250 in the same timescale, anti-money-laundering compliance provider SmartSearch is another UK-based company with big ambitions in the list.

Know Your Customer (KYC) screening provider smartKYC; augmented risk intelligence supplier Starling; smart compliance specialist SteelEye; anti-tax-evasion compliance firm Taina Technologies; and real-time risk management provider The Technancial Company (TTC) all make the grade too.

Alongside them are financial data specialist Think Evolve Solve; consent and permissions engine provider Trunomi; compliance screening firm W2 Global Data; regulatory AI specialist Waymark Tech; and digital identity platform Yoti.

“These are the companies every financial institution needs to know about as they consider and develop their mission critical RegTech and digital transformation strategies,” says the report.

“The REGTECH 100 list will help senior management and compliance professionals evaluate which solutions have market potential and are most likely to succeed and have a lasting impact on the industry.”

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