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.
Prior to the onset of the Covid-19 pandemic, the RegTech sector experienced explosive growth with the rise of hybrid work and increased us 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.
W2 CEO Warren Russell commented “This is a brilliant way to finish off what has been a hugely successful year at W2. Our focus in 2022 has been wholly centred around providing our existing and new clients with the best technical and compliance processes available. We have made significant enhancements to our current product suite and added new services to empower our clients as they enter their next stage of growth. We have a whole host of exciting plans for 2023, watch this space!”
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.