Pittsburgh, PA – December 12, 2024 – FinScan, an Innovative Systems solution, has earned a spot on FinTech Global’s RegTech100 list for 2025, recognizing it as one of the most innovative RegTech companies worldwide. This prestigious list serves as a key resource for financial institutions shaping their essential compliance, risk management, and digital transformation strategies.
The 2025 RegTech100 showcases some of the biggest disruptors and market leaders in regulatory technology helping financial institutions deal with the headwinds caused by technological innovation and regulatory change.
As the sector continues to rapidly evolve, the selection process for this year’s RegTech100 was one of the most intense and sought after to date, according to FinTech Global. A distinguished panel of analysts and industry experts examined a long list of nearly 1,500 businesses. The panel looked to highlight the technological solutions as well as risk and compliance offerings that all financial institutions need to be aware of in 2025.
A range of factors was considered by the Advisory Board and FinTech Global team to make the final selection including:
Industry significance of the problem being solved
Growth, in terms of capital raised, revenue, customer traction
Innovation of technology solution offered
Potential cost savings, efficiency improvement, impact on the value chain and/or revenue enhancements generated for clients
How important it is for financial institutions to know about the company
The financial industry this year has seen a large increase in regulatory fines, underlining some of the critical challenges that firms face in staying compliant amid growing regulatory scrutiny, according to RegTech Analyst, a special version of FinTech Global. In just the first half of 2024, global financial regulators levied 80 fines totaling $263.2m for non-compliance with AML regulations, including KYC sanctions, SARs and transaction monitoring violations.
“The only constant in the regulatory landscape is change,” explained Steve Marshall, FinScan’s Director of Advisory Services. “We expect significant shifts at both the macro-level, such as broad updates to sanctions frameworks, and the micro level, including changes to who is sanctioned. Our customers need to be ready to respond quickly and effectively, and that’s where FinScan excels.”
How FinScan became a great RegTech disruptor
According to RegTech Analyst, FinScan has quickly emerged as a trailblazer in the RegTech space, offering cutting-edge solutions for compliance, risk management, and financial crime prevention. With its innovative tools and services, the company has disrupted the status quo in financial services and continues to make waves within the industry.
“Our uniqueness stems from our focus on data quality from the start, analyzing and ensuring, for example, that input data is accurate and complete as it flows into compliance systems,” said Mayank Sharma, Senior Product Marketing Manager at Innovative Systems. “This, combined with scalable, high-performance systems capable of handling millions of records, delivers reliable and accurate results.”
Comprehensive solutions and adaptability
At the heart of FinScan’s offerings is a comprehensive suite of solutions designed to tackle a range of AML and sanctions compliance and regulatory challenges. From comprehensive KYC to sanction screening and risk scoring, FinScan provides businesses with the tools they need to protect themselves from financial crime and regulatory penalties. This adaptability enables them to get a leg up when dealing with customers, compared to what other industry incumbents may be able to offer.
Next-generation technologies
FinScan prides itself on its use of next-generation technologies to elevate its offerings. By incorporating machine learning, natural language processing (NLP), and data quality techniques, FinScan offers a level of intelligence that allows for more accurate risk assessment and faster, automated decision-making. The platform’s intuitive interface ensures ease of use, while its scalability makes it suitable for both large enterprises and smaller, fast-growing fintech companies.
Customer-centric approach
Another distinguishing factor is the company’s customer-centric approach. FinScan takes time to understand each customer’s specific needs, ensuring that their solutions are tailored to deliver maximum value. The allows for continuous updates and customizations, so customers are always ahead of the curve in compliance and risk management.
A full list of the RegTech100 and detailed information about each company is available to download for free at www.RegTech100.com.
Press contact:
Chanda Shingadia, The Comms Crowd
Email: chanda@commscrowd.com
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