The RegTech100 list is now live for 2023! Entering its sixth year, the list compiles the world’s most pioneering businesses in the regulatory technology market that are helping financial institutions deal with the most pressing compliance and risk management challenges and KYC Portal is once again part of this list!
Prior to the onset of the Covid-19 pandemic, the RegTech sector experienced explosive growth with the rise of hybrid work and increased use of digital channels. As the pandemic begins to recede from view, the popularity of regulatory technology has remained strong, with the market set to grow by a compound annual growth rate of 19.8% by 2027.
With this considered, this year’s process to select the 100 most innovative RegTech companies included the widest and most diverse range of enterprises yet. A panel of analysts and industry experts reviewed a longlist of nearly 1,300 businesses, which was produced by RegTech Analyst. They sought to highlight the solutions every leader in financial services need to know about in 2023.
RegTech Analyst director of research Mariyan Dimitrov said, “With the rapid changes in regulatory frameworks, working habits and customer expectations, compliance and regulatory technology continue to be a growing area of investment for financial institutions as they streamline their operations. The RegTech100 list helps senior executives get a better ROI on that spending by highlighting the leading companies in areas such as onboarding, risk management, fraud prevention and information security”
A full list of the RegTech100 and detailed information about each company is available to download for free at www.RegTech100.com
#RegTech100 #kycportal #clientlifecyclemanagement