With the regulatory environment changing rapidly, it’s hard to keep the pace with the latest developments. Faced with increased scrutiny from both regulators and consumers, organizations of all sizes must reassess their business practices and take greater responsibility for their actions. This is where RegTech comes into the picture. It digitizes and automates the compliance processes
The growing levels of regulatory expectations have operational impacts throughout companies, thereby, requiring people, process, and technology-based solutions and services. Additionally, the digital transformation has made organizations more susceptible to the data breach, cyber hacks, money laundering, and other fraudulent activities. RegTech tools monitor the transactions that take place online in real time for identifying issues or irregularities as soon as they happen. This helps organizations minimize the risks and costs due to lost funds and data breaches. Many industries are following the steps of financial services firms in rolling out specialist RegTech services to be more adept in this new era of digital ecosystem.
Today, we find ourselves surrounded by a plethora of RegTech service providers stepping forward to help the organizations with their regulatory and compliance needs and better focus on the core business operations. With several innovative technological capabilities and success stories up its sleeves, today’s solutions providers are constantly proving its mettle in the field of RegTech. The companies listed in this issue exhibit vast knowledge and in-depth expertise in delivering innovative RegTech services. We hope this issue of the APAC CIOOutlook helps you build the partnership you and your firm needs to foster a technologically-driven environment.
APAC CIOOutlook presents to you the ‘Top 10 RegTech Consulting/Services Companies - 2019.’