Top 10 RegTech Solution Providers 2024
As regulations become increasingly complex and global in scope, businesses face mounting challenges in ensuring compliance while maintaining operational efficiency. The risks of non-compliance, including hefty fines, reputational damage, and operational disruptions, have never been higher. In this context, the role of regulatory technology (RegTech) has emerged as a crucial enabler for businesses, providing innovative solutions that streamline compliance processes, mitigate risks, and enhance overall governance.
RegTech solution providers are at the forefront of this transformation, leveraging cutting-edge technologies such as artificial intelligence, machine learning, and blockchain to automate and simplify the myriad tasks associated with regulatory compliance. These companies are not just keeping pace with the rapidly changing regulatory environment—they are shaping the future of compliance, offering solutions that allow businesses to adapt swiftly and effectively to new requirements.
In this special edition of GRC Outlook Magazine, we are proud to present the Top 10 RegTech Solution Providers of 2024. This carefully curated list features some of the most innovative and forward-thinking companies in the RegTech space, each dedicated to making a significant impact on how businesses approach compliance. These solution providers are not only helping organizations navigate the complexities of regulation with greater ease but are also setting new standards for excellence in the industry.
Company:
Apiax
Management:
Philip Schoch
Designation:
Co-Founder & CEO
Headquarters:
Zürich, Switzerland
Website:
apiax.com
Apiax is a technology company that builds the compliance infrastructure for the digital world. Businesses of every size – from FinTechs to globally operating banks – use our product to bring compliance into their applications and operational processes. At Apiax, we envision an efficient, sustainable and fair financial system where compliance is embedded in every digital transaction.
Company:
Better Regulation
Management:
David Ross-Wood
Designation:
CEO
Headquarters:
London, UK
Website:
betterregulation.com
A leading online provider of legal and regulatory information for over 20 years. The company deliver accurate and up to-the-minute information, day after day. Its comprehensive legislation database contains hundreds of UK and Irish Acts and thousands of Statutory Instruments, EU Regulations and Directives.
Company:
Cleversoft group
Management:
Florian Clever
Designation:
Founder & CEO
Headquarters:
Munich, Germany
Website:
clever-soft.com
Cleversoft Group, founded in 2004, is a leading provider of RegTech solutions. Specializing in regulatory reporting, document management, and compliance monitoring, Cleversoft leverages advanced technologies like AI, machine learning, and blockchain to streamline compliance processes for financial institutions. Renowned for its innovative, customer-centric approach, Cleversoft partners with industry leaders to deliver tailored, cutting-edge solutions that enhance regulatory compliance and operational efficiency worldwide.
Company:
Global Regulatory Partners
Management:
Suzan Davis
Designation:
Founder & CEO
Headquarters:
Framingham, MA
Website:
globalregulatorypartners.com
Global Regulatory Partners Group (GRP Group) is a global market access solution provider. GRP Group headquarters is located in USA, and includes 6 companies: GRP-USA, GRP-Brazil, GRP-China, GRP-Japan, GRP-Mexico and GRP-Korea. The GRP-Group offers end-to-end Regulatory Affairs, Clinical, Quality, Pharmacovigilance solutions to Medtech, Pharmaceuticals, Biotech, Cosmetics and life-consumer companies to help them access new market in record time and minimum investment, while ensuring Compliance with local regulations.
Company:
Gresham Tech
Management:
Ian Manocha
Designation:
CEO
Headquarters:
Queen Street, London
Website:
greshamtech.com
The company's vision is to bring digital agility, integrity and confidence to businesses. Its software and cloud services help financial firms connect, reconcile and control their data, systems and processes. Gresham Tech proven at nearly three hundred organisations worldwide, including many of the world's largest banks, investment managers and corporates. A Gresham solution is the gold standard that firms and regulators can trust.
Company:
OTCFin
Management:
Joseph Ohayon
Designation:
Founder & MD
Headquarters:
New York, NY
Website:
otcfin.com
Founded in 1990, OTCFin specializes in providing financial data management, risk and regulatory reporting solutions and services. With its roots in enterprise-wide risk management technology consultancy, we are intimately familiar with the various facets of implementing an effective centralized data repository.
Company:
RegASK
Management:
Caroline Shleifer
Designation:
CEO
Headquarters:
Science Park, Singapore
Website:
regask.com
RegASK™ was created by the founders of SPRIM, after more than 17 years of consulting on globalization projects and researching regulatory guidelines for healthcare companies across six of the seven continents. RegASK™ is backed by a team of regulatory experts with a global perspective and years of navigating some of the most complicated regulatory hurdles in markets big and small.
Company:
RegCentric
Management:
Thomas Verlae
Designation:
CEO
Headquarters:
Sydney, Australia
Website:
regcentric.com
RegCentric is a consulting company specialised in transformation in Data Governance, Analytics and Reporting, Finance and Risk in the Australian financial services industry. The RegCentric team consists of highly experienced data, technology and regulatory specialists, who are passionate about assisting Australian financial services organisations to ensure regulatory compliance whilst driving operational efficiencies.
Company:
Regulativ.ai
Management:
Jinal Shah
Designation:
Co-Founder & CEO
Headquarters:
London, UK
Website:
regulativ.ai
With over 30 years of expertise, Regulativ.ai has consistently delivered sophisticated solutions across a spectrum of industries including banking, fintech, asset management, and payment systems, driving transformative results for global leaders. Its Innovative AI-driven compliance solutions harnessing machine learning and large language models to revolutionize regulatory adherence, enhancing efficiency and accuracy.
Company:
RequirementONE
Management:
Martin Gorm Pedersen, CEO;
Helen Dann, Chief Customer Officer (CCO)
Headquarters:
London, UK
Website:
requirementone.com
RequirementONE offers a highly productised, industry-agnostic solution that includes monitoring of all regulatory publications tailored to a client and provides a collaborative platform for managing changes. This platform's rapid implementation, adaptability, and scalability ensure that clients can quickly and efficiently comply with regulatory requirements, reducing costs and effort by up to 80%. RequirementONE’s platform is designed to streamline regulatory change management and digitise business processes efficiently.