The 2021 RegTech100 was released today by specialist research firm RegTech Analyst. The prestigious list recognizes the world’s most innovative technology solution providers that address the challenges of dealing with regulatory pressures within financial services.
The honorees were selected by a panel of industry experts and analysts from a longlist of over 1,000 regtech providers compiled by RegTech Analyst. A range of factors was considered by the panel to make the final selection, including:
Impact on the problem being solved
Growth, in terms of capital raised, revenue, customer traction
Innovation of technology solution offered
Potential cost savings, efficiency improvement, impact on the value chain and/or revenue enhancements generated for clients
How important is it for a financial institutions to know about the company
Fourthline was recognized, in part, for solving complex digital identity challenges with advanced AI technology and expert regulatory guidance that enables enterprises to be compliant with ease. Fourthline helps banks and financial services providers sidestep the inefficiencies of in-house customer authentication processes with tailor-made solutions that deliver unparalleled fraud detection and conversion rates.
According to RegTech Analyst director of research Mariyan Dimitrov, “Banks and other financial institutions need to be aware of the latest RegTech innovations in the market in order to avoid new compliance risks and stay competitive despite new regulations around customer onboarding and remote communication post Covid-19. The RegTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as identity verification, risk management, communications monitoring, information security and reporting.”
Read more and see the full RegTech100 list.