The regtech market is predicted to grow 16 billion dollar by 2025 at a CAGR of 20.3 percent. Increased compliance costs, lower entry barriers with SaaS-based products, a growing need for speedier transactions and a regulatory sandbox approach, and use of new technologies such as AI, ML, and blockchain are some of the primary reasons behind that rise.
Among them, one of the biggest trendsetters is AI, which is aiding companies in gathering and analysing information from multiple sources. It is also enabling financial institutions to manage risk by recognising circumstances based on data given, which can then be utilised to forecast market movements and mitigate risks. Additionally, it is also helping in the detection of compliance and regulatory concerns, the assessment of risk exposure, and the prediction of future hazards. Indeed, authorities are intensifying their AI efforts to protect the market and its clients from the ever-growing threat of financial crime, money laundering, and terrorism financing.
At this juncture, there are a variety of regtech solution providers available in the market that cater to the different needs of enterprises. To help them choose the company that best fits their requirement, Banking CIO Outlook has compiled a list of the top 10 regtech solution providers in Europe. The enlisted companies are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs and CXOs.
We present to you Banking CIO Outlook Europe’s, “Top 10 RegTech Solution Providers in Europe – 2021.
