BusinessCloud can reveal its RegTech 50 innovation ranking for 2023.

Our readers and an expert 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.

Detected, a ‘Know your business’ compliance API, tops the ranking.

CheckedSafe, an inexpensive SaaS platform for any type of digital compliance, is in second spot. The solution replaces cumbersome and archaic paper-based checklists with a digital version utilising existing equipment – namely smartphones.

Elliptic, TAINA Technology and Nivo complete the top five.

Recordsure, which has developed an artificial intelligence technology to deliver speech and document analytics for regulated industries, is seventh. Its unique duo of ReviewAI products – ConversationReviewAI and CaseReviewAI – help businesses to achieve 100% oversight to create a more efficient review process.

The ranking in full:

RegTech 50 – UK’s most innovative compliance tech creators for 2023

BusinessCloud called on its readers to vote for companies from the 78-strong shortlist and saw hundreds of votes pour in.   

A combination of these votes and choices from an expert judging panel determined the top 50. 

Our FinTech 50 and InsurTech 50 rankings were decided alongside the RegTech 50 and celebrate businesses creating tech for the finance and insurance industries respectively.

The judging panel for the rankings was comprised of:  

• Andy Thornley, head of financial services, techUK
• Chris Steele, partner – banking risk & regulation, KPMG UK
• David Brear, CEO, 11:FS
• Joe Roche, engagement manager, FinTech North
• Jonathan Symcox, editor, BusinessCloud