BusinessCloud can reveal its RegTech 50 innovation ranking for 2022.
Readers of the online technology publication and an independent judging panel have together decided the 50 companies blazing a technology trail in regulation.
The RegTech 50 celebrates businesses of all sizes creating original tech for regulation, risk management and fraud detection.
Clausematch, a software-as-a-service provider based in London, tops the ranking. The company helps organisations to operate safely and bring compliant products to market: its platform empowers companies to collaborate, create, manage and review different types of compliance documents, in real time, with a complete audit trail and live insights, leading to more robust governance.
In second, London-based Schwarzthal Tech provides financial crime intelligence via a new concept billed as Know Your Network™. It gathers publicly available information and assesses potential customers’ connections with criminal or suspicious networks via its AI platform Wunderschild.
Detected, a London-based company that provides frictionless global business onboarding, is in third spot. It uses a unique algorithm which utilises over 1,700 data sources to create a detailed and accurate profile of any business in the world.
CheckedSafe, based in Burnley, is fifth behind London’s Konfir. The former is an inexpensive SaaS platform for any kind of digital compliance which replaces cumbersome and archaic paper-based checklists with digital versions for smartphones.
The ranking in full:
BusinessCloud called on its readers to vote for companies from the 82-strong shortlist and saw around 600 votes pour in.
A combination of these votes and choices from an independent judging panel determined the top 50.
The judging panel for the rankings was comprised of:
- Jason Boud & Sian Lewin, co-founders, RegTech Associates
- Anna Korzeniowska, head of experience & acting FinTech lead, Tech Nation
- Helene Panzarino, associate director, Centre for Digital Banking and Finance
- Andy Thornley, head of financial services, techUK
- Jonathan Symcox, editor, BusinessCloud