The 2021 Regtech100 has been announced by specialist research firm RegTech Analyst. The prestigious list recognises the world’s most innovative technology solution providers that address the challenges of dealing with regulatory pressures within financial services.
The regtech industry has experienced huge growth in the last few years as banks and financial institutions grapple with the unrelenting pace of regulatory change across all jurisdictions. Over $5bn has been invested in regtech companies so far in 2020, as the compliance challenges have only been exacerbated by the shift to remote working during Covid-19.
A panel of analysts and industry experts voted from a list of over 100 companies produced by RegTech Analyst. W2 has been recognised amongst the best of breed regtech solutions globally for innovate use of technology to solve a significant industry problem, and to generate efficiency improvements across the compliance function.
RegTech Analyst director of research Mariyan Dimitrov said, “Banks and other financial institutions need to be aware of the latest regtech innovation in the market in order to avoid new compliance risks and stay competitive despite new regulations around customer onboarding and remote communications post Covid-19. The regtech 100 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”
W2’s CEO Warren Russell commented, “As regulations and compliance requirements continue to become stricter, W2 has significantly developed its core product range to ensure that managing the regulatory supply chain and processes it supports are as simple as can be. Despite the fact that remaining compliant becomes more challenging with the frequent introduction of new regulation, W2 is ensuring that complexity will never be a barrier to sound business and that no organisation shall suffer due to commercial or technical obstacles. We are passionate about simplification through the removal of multiple supply contracts, commercial commitments and by supplying the best of breed KYC, KYB, AML and document verification software.”
If you, or your business are interested in W2’s range of products, contact us here.