Governor Software, the company behind the latest RegTech software being used by the FCA is pleased to announce that it has once again been named in the REGTECH100, an annual list of the world’s 100 most innovative RegTech companies. The award comes less than one week since the FCA launched a new version of its online handbook with a graph interface powered by Governor Software. Governor Reg: FCA has been specifically developed in conjunction with the FCA utilising Governor Software’s unique visualisation technology and providing FCA-authorised firms with a unique version of the FCA Handbook, allowing them to benefit from improved search functions, increased visualisation of regulations, the ability to download specific modules and a history feature allowing users to see changes by date.
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About the RegTech 100 List:
Third annual RegTech 100 list announces the tech companies transforming compliance, risk management and cybersecurity
The world’s most innovative technology solution providers that address the challenges and opportunities of dealing with regulatory issues within financial services, were announced today by RegTech Analyst, a specialist research firm.
The RegTech (regulatory technology) industry has established itself as one of the most important sectors within financial technology after seeing tremendous growth in the past three years. Over $14bn has been invested in RegTech companies since 2016, as banks and other financial institutions grapple with the costs and complexities of regulatory requirements.
In line with this growth, this year’s process to identify the leading 100 companies in the sector was more competitive than ever. A panel of analysts and industry experts voted from a longlist of over 1,000 companies produced by RegTech Analyst. Fifty-three new companies entered the RegTech100 for 2020 and the finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function.
“Employing RegTech solutions to modernize the compliance function is now mission-critical for financial institutions globally” said Mariyan Dimitrov, head of research at RegTech Analyst. “And even though 51% of RegTech 100 companies are based within the UK or US, the spread of RegTech innovation has seen companies from another 23 countries make the list.”
A full list of the RegTech 100 is available at www.RegTech100.com. More detailed information about the companies is available to download in a research pdf on the website.