Subscribe to our blog
Get ahead with our award-winning insights on the latest developments in the fraud and compliance landscape. Enter your email below to receive our blog posts directly to your inbox.

Award Recognizes Pioneering Companies Transforming Compliance, Risk Management, and Cybersecurity

PALO ALTO, CA., November 26, 2018 – IdentityMind, Digital Identities You Can Trust, today announced that it was named to the RegTech 100 for the second consecutive year. The RegTech 100, announced by RegTech Analyst, a specialist research firm, recognizes pioneering companies transforming compliance, risk management, and cybersecurity.

“We’re honored to be recognized for the second consecutive year as one of the elite RegTech 100,” said Garrett Gafke, President and CEO, IdentityMind. “This serves as further market validation – customer, partner, analyst, industry thought leaders – for our Version 2.0 SaaS-based platform, which builds and maintains digital identities for evaluating risk and automating compliance in digital transactions.”  

According to FinTech Global, the RegTech industry has seen huge growth in the last two years as banks and financial institutions grapple with the unrelenting pace of regulatory changes across all jurisdictions. Over $4 billion has been invested in RegTech companies since the beginning of 2016. As a result, this year’s process to identify the leading 100 companies in the RegTech space was even more competitive than last year. A panel of analysts and industry experts voted from a list of 824 companies produced by RegTech Analyst, compared to a list of 416 last year. The regulatory compliance technology finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function.

Fifty-five new companies entered the RegTech 100 this year. The risk management category saw the biggest increase with an additional 10 companies gaining RegTech 100 status to occupy 47 places on the list, while companies offering solutions that address Markets in Financial Instruments Directive (MiFID) II regulation in Europe saw a 10% increase in their number to take a total of 38 places.

European and North American regulatory compliance technology companies still dominate the RegTech 100 with 60% and 29% of places, respectively. Within Europe, UK companies enhanced the country’s leading position on the list with 30 representatives compared to 26 last year. The emergence of a thriving global RegTech ecosystem has seen companies from another 21 countries make the list, including Ireland, Switzerland, Singapore, India, and Luxembourg.

“The impact of the most innovative RegTech companies will be measured in billions of dollars over the next few years,” according to Mariyan Dimitrov, Head of Research at RegTech Analyst. “RegTech 100 companies offer solutions that enhance processes across the entire compliance function, including onboarding verification, risk management, communications monitoring, information security and reporting by using the latest technologies such as artificial intelligence, blockchain, natural language processing and biometrics.”

A full list of the RegTech 100 is available at www.RegTech100.com. More detailed information on all regulatory compliance technology companies as well as in-depth industry analysis is available in the Global RegTech Review.

In 2018, IdentityMind has secured the following RegTech and FinTech industry awards: 2018 Oracle Innovation Award finalist, Silicon Review’s “50 Best Companies to Watch 2018”; MEDICI Top 21 – RegTech Awards: Americas Winners; CIO Review’s 50 Most Promising FinTech Solution Providers and Disruptor Daily’s 10 RegTech Companies Making Waves in the Industry.

Additionally, IdentityMind KYC, AML, and fraud prevention solutions have been recognized by a variety of leading market analysts, including Forrester’s “Vendor Landscape: Anti-Money Laundering Solutions,” April 2017; Representative Vendor in Gartner’s “Market Guide for Identity Proofing and Corroboration,” April 2018; Sample Vendor in Gartner’s “Hype Cycle for Identity and Access Management Technologies, July 2018; Sample RegTech Vendor in Gartner’s “Hype Cycle for Digital Banking Transformation, 2018,” July 2018; Leading AML Advanced Analytics Vendor in Aite Group’s “The AML of Tomorrow: Here Today,” July 2018; and IDC Innovator in International Data Corporation’s “IDC Innovators: Identity Proofing Solutions to Prevent New Account Fraud and Enhance KYC Compliance, 2018,” July 2018.

Resources

About IdentityMind

IdentityMind, creator of Trusted Digital Identities (TDIs), offers a SaaS-based platform for online risk management and compliance automation. We help companies reduce client onboarding fraud and transaction fraud, and enhance AML compliance, sanctions screening, and KYC compliance. IdentityMind continuously builds, validates, and risk scores digital identities through electronic DNA (eDNA™) technology to ensure global business safety and compliance from customer onboarding and throughout the customer lifecycle. We securely track the entities involved in each transaction (e.g. consumers, merchants, cardholders, payment wallets, and alternative payment methods) to build payment identity reputations and allow companies to identify and reduce potential fraud, evaluate merchant account applications, onboard accounts, enable identity verification services, and identify potential money laundering. For more information, visit IdentityMind on Web, Twitter, LinkedIn, Facebook, Instagram, Blog, and Google My Business.

© 2018 IdentityMind. All rights reserved. IdentityMind and the IdentityMind logo are trademarks or registered trademarks of IdentityMind in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

Media Contact

Dan Rampe
Director of Corporate Communications
IdentityMind
Tel: 415-205-9378
Email: [email protected]