"Smart Strategies, Giving Speed to your Growth Trajectory"
Regulatory Technology (RegTech) solutions are developed to cater the ever increasing demands of compliances in financial industry. Regulatory Reporting, Risk Management, Identity Management & Control, Compliance and Transaction Monitoring are few areas in which RegTech companies are providing solutions. RegTech solutions will be leveraging innovative technologies like data analytics, artificial intelliegence or cloud computing for different areas in financial sector. Cloud based solutions are adopted tremendously in many enterprises due to advanced security, flexibility, performance/scalability and cost-effectiveness.
RegTech solution market is ever growing as it has a huge opportunity to develop technology to automate the regulatory assessment and control management. These RegTech solutions bring clarity and control in those areas which were previously very time-consuming and cumbersome.
Key Market Driver -
• Rise in compliance costs and regulatory fines by firms will drive adoption of RegTech solutions • Government Initiatives in RegTech sector to drive the market.
Key Market Restraint -
• High end-to-end implementation cost of RegTech solution to hinder market growth.
In February 2020, Nice Actimize partnered with Acuris Risk Intelligence Limited and Sayari Analytics, LLC & Sayari Labs, Inc to improve its anti-money laundering and data intelligence capabilities. Customers can acess this financial crime management platform via API or SaaS Platform. This partnerships has strengthen the financial crime solving capabilities particularly in fraud and anti-money laundering.
Broadridge Financial Solutions, Inc. collaborated with FundsLibrary. These teams have collaborated to provide RegTech solutions for European wealth and asset managers.
Some of the key palyers in the regulatory technology solutions market are Nice Actimize, Rimes Technologies Corporation, Broadridge Financial Solutions, Inc., Deloitte Touche Tohmatsu Limited, IBM Corporation, InfrasoftTech, London Stock Exchange plc and others.
The partnership and collaborations are the strategies adopted by key players in the market to support growth in regulatory technology (RegTech) solutions market.
London and other European countries have contributed over 40% of the globally paid regulatory fines post 2008 financial crisis. Thus investments of the London and other European countries is very high leading to technological developments in Regtech and Financial Technology (FinTech) sectors. Also quarter of the RegTech businesses globally are alone based in City of London making UK a leader in RegTech sector.
According to reports City of London Corporation PwC Fintech series 2019 Asia has shown 80% growth in RegTech investments in the last three years. Additionally government of India to expand the RegTech industry by going digital on all regulatory and compliance obligations. These reasons will collectively lead to increase in adoption regulatory technology solutions in APAC at large scale.
To gain extensive insights into the market, Request for Customization
According to reports- River Partnership RegTech 2019 Middle East and Africa is emerging in the RegTech sector. Abu Dhabi has opened its first ever RegLab (regulatory Laboratory) in the Middle East region.
By End User
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry