Top RegTech Consulting/Services Companies
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Top 10 RegTech Consulting/Services Companies - 2019

Regtech, already having a resounding impact on regulatory compliance, is a real movement in the financial and regulatory spaces. New-age regtech specialists leverage cutting-edge technologies such as distributed ledger technology, artificial intelligence, machine learning, cryptography, big data, cloud computing, and more to aid regulatory compliance in a more operationally efficient manner. In a time of increased regulatory pressure, regtech consulting experts are offering governance, risk and compliance services to ensure the sustainable performance of activity and business for financial institutions.

With customization being the name of the game, regtech providers are tailoring their services to the specific needs of financial institutions. Their offerings include fintech strategy advice, including IT roadmap planning and technology frameworks to help financial institutions navigate the rapidly-changing regulatory world efficiently. Financial institutions are able to now reach out to regtech consultants for advice on application, maintenance, and adaptation for use in different business and regulatory environments.

Even in asset management, the role of regtech is undeniable with regtech service providers helping fund management companies to get accustomed to the dynamics and diversities within the world of fund management, by taking over their data management duties including structuring their data and checking data quality. Regtech providers are also offering guidance to fund management companies on the use of query tools for extracting data at the required level with the addition of built-in reports and collaborative tools.

When the Market in Financial Instruments Directive I (MiFID I) regime was introduced to increase transparency in financial markets, the number of fines for non-compliance reached record levels. Now with the MiFID II seeking to deliver strict guidelines to prevent a repeat of the past, Regtech consulting companies are helping financial firms adopt procedures that quickly identify issues, have workflows in place to remediate errors, and deliver continuous improvement throughout the transaction reporting process.

A new regulatory challenge for financial firms is the Securities Financing Transactions Regulation (SFTR) that is officially scheduled to kick off in the upcoming year. In order to help financial organizations prepare for trade reporting in advance, RegTech services providers are helping companies understand the aspects of SFTR that require special attention to ensure adequate data quality and timely reporting. For managing complexity and cost, RegTechs are assisting financial firms in incorporating SFTR into existing trade reporting platforms and operations.

After in-depth research on companies operating in regtech and closely examining these facts, a distinguished selection panel comprising CEOs, CIOs, VCs, and the Banking CIO Outlook’s editorial board has selected a list of the top regtech consulting/services companies that leverage innovative technologies and strategies to drive client success. We present to you Banking CIO Outlook's “Top 10 RegTech Consulting/Services Companies - 2019.”

    Top RegTech Consulting/Services Companies

  • An ace global management and technology consultancy, Capco is dedicated to the financial services industry. The company provides innovative thinking with industry and domain experience to proffer our clients consulting expertise, sophisticated technology and package integration, transformation delivery, and managed services, to accelerate their organizations forward. Through our collaborative and efficient approach, Capco innovates, increases revenue, manages risk and regulatory changes, reduces costs, and enhances controls. Innovation is fueling consumer expectations in banking and payments, requiring banks to implement often massive changes to stay current

  • Lynx Technology Partners is a full service, full life-cycle risk-based security consulting firm with leading expertise financial services, pharmaceutical, nuclear, energy, and healthcare. Lynx security professionals have a unique combination of business, risk, and technology skills. The consultants are experienced in the selection, design and implementation of multiple security technologies. They provide extensive risk management, security and compliance solutions, including: risk-based security consulting, risk assessments, compliance programs, penetration testing, social engineering, policy development, feasibility studies, product selection, rules and other services

  • OneStream is a state-of-art, unified platform for corporate performance management that is proven an alternative to fragmented legacy applications, designed to abridge processes for the most sophisticated, global association. Being the market-leading CPM solutions in the past decade and the leaders of those organizations, our experience in delivering solutions to the significant and most sophisticated associations in the world translate to lower risk and more confidence in your success. Streamlining financial close and consolidation all while tackling complex global accounting and reporting neccessicites. Providing rapid insights into financial and operating results is the company's vision

  • AML Partners

    AML Partners

    AML Partners provides ‘Award Winning’ KYC, AML/CFT, OFAC, FinCEN314a, Case Management modules designed to assess, manage risk, and streamline workflow. They possess extensive expertise in AML/CFT, behavioral risk, financial-services data systems, project management, and custom software design. Building on the company’s extensive AML/CTF and IT backgrounds, founding partners Frank Cummings and Jonathan Almeida leverage their expertise in the field and their commitment to relationship-driven consulting. They aim to create products and services to meet customers’ current needs and also anticipate their future ones besides; provide the highest quality software in the industry

  • Computer Services

    Computer Services

    Computer Services, Inc. (CSI) delivers core processing, managed services, mobile and Internet solutions, payments processing, print and electronic distribution, and regulatory and compliance solutions to financial institutions and corporate customers across the nation. As a single-source technology provider, CSI understands the customers’ needs and offers a comprehensive suite of solutions designed to empower their success. Apart from the industry-leading solutions for financial institutions, CSI provides additional services to respond to ever-changing industry climates including insurance and importers and exporters. By working with customers, they develop product suites that best meet your IT needs and anticipate the growth of your customers’ technology demands

  • FixNix


    With roots deep in India, FixNix, the GRC enterprise now caters to the worldwide requirements related to many RegTech with a flagship SaaS model. The software provides world-class user experiences, allowing the users to monitor on-the-go seamlessly with real web. FixNix provides a simple but scalable, Low TCO software that is Quick rolling and compliant with mobility apps. The significant issues focused by the GRC company is the lack of Mapping, In-extensible and disconnected data models, Broken workflows for enhancing the efficiency. The SaaS model has a simple UX and avoids high TCO and guarantees ROI

  • iovation


    iovation, a TransUnion company, provides a real-time service that exposes online fraudsters, as well as multifactor authentication services to detect fraud before it occurs. The company's SaaS solution presents the reputation of devices connecting to online businesses. They manage the reputations of billions of devices that have touched their customers from all over the world. They help clients understand how devices in their network and outside of their system are related. iovation significantly minimizes financial losses from fraud and abuse, while increasing operational efficiencies and provide a shared platform that enables businesses to benefit from the collective experience of others

  • Onfido


    Onfido is the new identity standard for the internet. Their AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how the company gives organizations like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely as well as securely. Their mission is to create a more open world, where identity is the key to access. It was founded in 2012 by Husayn Kassai, Eamon Jubbawy and Ruhul Amin, and now helps over 1,500 companies verify their users

  • Refinitiv


    Serving more than 40,000 institutions in over 190 countries, Refinitiv is an epitome for the provision of information, insights and technology that is the key driver for innovation and performance in global financial markets. The company’s rich heritage of integrity and expertise enables our customers to make critical decisions that are transformative with confidence while our best-in-class data and cutting-edge technologies enable leveraging the more significant opportunity. Refinitiv enables the financial community to trade smarter and quicker, succeed in regulatory challenges, and ascend intelligently

  • Smarsh


    Smarsh helps organizations get ahead – and stay ahead – of the risk within their electronic communications. With innovative capture, archiving and monitoring solutions that extend across the industry’s most extensive breadth of channels, they efficiently strengthen their compliance and e-discovery initiatives. A global client base, including the top 10 banks in the United States and the largest banks in Europe, Canada and Asia, manages billions of conversations with the Smarsh Connected Suite. Government agencies in nearly 40 U.S. states, also rely on Smarsh to help meet their recordkeeping and e-discovery requirements