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Regulatory Technology SolutionsMarket Size, Share & Industry Analysis, By Deployment (On-premises, Cloud Based), By Application (Regulatory Reporting, Risk Management, Identity Management & Control, Compliance, Transaction Monitoring, Others), By End User (Small and Medium Scale Enterprises, Large Scale Enterprises) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102875 | Status : Ongoing

 

KEY MARKET INSIGHTS

Regulatory Technology (RegTech) solutions are developed to cater the ever increasing demands of compliances in financial industry. Regulatory Reporting, Risk Management, Identity Management & Control, Compliance and Transaction Monitoring are few areas in which RegTech companies are providing solutions. RegTech solutions will be leveraging innovative technologies like data analytics, artificial intelliegence or cloud computing for different areas in financial sector. Cloud based solutions are adopted tremendously in many enterprises due to advanced security, flexibility, performance/scalability and cost-effectiveness.  


RegTech solution market is ever growing  as it has a huge opportunity to develop technology to automate the regulatory assessment and control management. These RegTech solutions bring clarity and control in those areas which were previously very time-consuming and cumbersome.

Up Arrow

Key Market Driver -

• Rise in compliance costs and regulatory fines by firms will drive adoption of RegTech solutions • Government Initiatives in RegTech sector to drive the market.

Down Arrow

Key Market Restraint -

• High end-to-end implementation cost of RegTech solution to hinder market growth.


Key Players Covered:


In February 2020, Nice Actimize partnered with Acuris Risk Intelligence Limited and  Sayari Analytics, LLC & Sayari Labs, Inc to improve its anti-money laundering and data intelligence capabilities. Customers can acess this financial crime management platform via API or SaaS Platform. This partnerships has strengthen the financial crime solving capabilities particularly in fraud and anti-money laundering.

Broadridge Financial Solutions, Inc. collaborated with FundsLibrary. These teams have collaborated to provide RegTech solutions for European wealth and asset managers.

Some of the key palyers in the regulatory technology solutions market are Nice Actimize, Rimes Technologies Corporation, Broadridge Financial Solutions, Inc., Deloitte Touche Tohmatsu Limited, IBM Corporation, InfrasoftTech, London Stock Exchange plc  and others.

The partnership and collaborations are the strategies adopted by key players in the market to support growth in regulatory technology (RegTech) solutions market.

Regional Analysis


London and other European countries have contributed over 40% of the globally paid regulatory fines post 2008 financial crisis. Thus investments of the London and other European countries is very high leading to technological developments in Regtech and Financial Technology (FinTech) sectors. Also quarter of the RegTech businesses globally are alone based in City of London making UK a leader in RegTech sector.  

According to reports City of London Corporation PwC Fintech series 2019 Asia has shown 80% growth in RegTech investments in the last three years. Additionally government of India to expand the RegTech industry by going digital on all regulatory and compliance obligations. These reasons will collectively lead to increase in adoption regulatory technology solutions in APAC at large scale.

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According to reports- River Partnership RegTech 2019 Middle East and Africa is emerging in the RegTech sector. Abu Dhabi has opened its first ever RegLab (regulatory Laboratory) in the Middle East region.

Segmentation


























 ATTRIBUTE

 DETAILS

By  Deployment



  • On-premises

  • Cloud Based



By Application



  • Regulatory Reporting

  •  Risk Management

  •  Identity Management & Control

  • Compliance

  • Transaction Monitoring

  • Others



By End User



  • Small and Medium Scale Enterprises

  • Large Scale Enterprises



By Geography



  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)



Key Industry Developments



  • February 2020 – Rimes Technologies Corporation has secured an investment from EQT AB a European investment organization. This investment will assist Rimes Technologies Corporation to expand RegTech and data management solutions. This partnership also extend its existing partnerships and capabilities and also serve its new clients in investment sector.

  • May 2019 – IBM Corporation collaborated with Thomson Reuters to launch an advanced Regtech solution. This solution is based on AI technology to help banks to address the increasing regulatory compliances.





  • Ongoing
  • 2023
  • 2019-2022
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