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More and more companies and governments put a focus on managing risk, complying with stricter rules and regulations. More and more Regtech startups are born out of this combination of regulatory change and more efficient technology.
RegTech is basically the use of new technology to facilitate the delivery of regulatory requirements. It puts a particular focus on regulatory monitoring, reporting, and compliance and is thus benefiting the finance industry. The objective of RegTech is to enhance transparency as well as consistency and to standardize regulatory processes. The ecosystem is currently exploding. Dozens of RegTech startups have popped up in the past years and today I would like to look at the most promising ones:
Top 5 RegTech startups to watch in 2019
NetGuardians is an award-winning Swiss RegTech company that helps financial institutions to fight financial crime. The startup developed the first augmented intelligence solution made for banks to proactively
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