Ideagen Named in RegTech100 2021
03 December 2020
The list recognises the tech companies transforming compliance, risk management and cybersecurity
Ideagen has been named in 2021 RegTech100, compiled 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 (regulatory technology) 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. More than $5bn has been invested in RegTech companies so far in 2020, according to data published by RegTech Analyst, as the compliance challenges have only been exacerbated by the shift to remote work during Covid-19.
As a result, this year’s process to identify the 100 RegTech innovation leaders was more competitive than ever. A panel of analysts and industry experts voted from a longlist of more than 1,000 companies produced by RegTech Analyst. Sixty-two new companies entered the RegTech100 for 2021 and the finalists were recognised for their innovative use of technology to solve a significant industry problem, or 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 communication post Covid-19. The RegTech100 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.”
CEO of Ideagen, Ben Dorks, said: “I am delighted to have been included in the RegTech100 list again this year. The list contains the top businesses operating in this industry globally and our inclusion highlights that we are one of the best in the world at what we do.
“2020 has been a challenging year for everyone, but Ideagen has weathered the storm well and we are in a strong position to continue our growth in 2021. Recognition like this is a tremendous boost and a fantastic reward for the hard work of our brilliant team.”
A full list of the RegTech100 can be found at www.RegTech100.com.