NEW YORK, November 1, 2017 /PRNewswire/ --
RegTech companies recognized as leaders in industry set to generate tens of billions of dollars, according to research firm FinTech Global
FinTech Global is pleased to announce the inclusion of 21 U.S.-based companies on the RegTech 100, a list of the world's most innovative companies that every financial institution needs to get to know about in 2018.
The U.S. has established itself as a global leader in RegTech, with 195 companies collectively receiving more than $2.8bn in investment over the past five years, according to the Global RegTech Review.
The impact of these companies could amount to tens of billions of dollars as financial institutions look to make major cost savings across their compliance processes and to access new business opportunities by improving their service capabilities.
U.S. companies leading the field include the following:
BIGcontrols: provides modern business intelligence, lifecycle management and regulatory compliance for corporate tax credits & incentives.
GreenKey: offers an AI-driven, voice interface that redefines voice communication, allowing firms to reduce legacy costs, capture data, increase collaboration and improve compliance.
Identity Mind Global: allows companies to perform identity proofing, risk-based authentication, regulatory identification, and ultimately detect and prevent synthetic identities, and stolen identities.
IDmission: delivers elegant solutions to legacy problems of customer engagement including onboarding, identity management, transaction processing and payments.
Quarule: automates compliance program management, certification, and controls by using a controlled vocabulary, semantic rules and reasoning engine to teach computers the meaning of regulations, policies, and standards.
LogicGate: enables enterprises to transform mission-critical risk and compliance processes that lack appropriate controls and, if mismanaged, can expose them to financial risk.
Finomial: automates client onboarding processes to reduce risk and ensure comprehensive due diligence.
Precognitive: combines device intelligence, advanced behavioral analytics and a real-time decision engine to detect and prevent fraud.
Cloud9 Technologies: uses a Software-as-a-Service model to eliminate legacy hardware and improve workflow with a highly secure, cost-effective, and compliant service.
Further information about the RegTech 100 companies is available from http://www.RegTech100.com along with details about the 250-page Global RegTech Review, which provides an in-depth analysis of the global market using proprietary market data and in-depth insights.
SOURCE RegTech 100