Railsbank is on the highly prestigious RegTech100 2020 list.
And this year, say the people behind the list, it was the most competitive yet. Just 100 companies were chosen from over 1000 contenders, from across 25 countries
It is the third year that the list has been published and includes all the top tech companies that are transforming compliance, risk management and cybersecurity.
The list is prepared by RegTech Analyst and a total of fifty-three new companies entered the 2020 roll of honour, of which Railsbank was one.
The panel chose the finalists for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function.
“Employing RegTech solutions to modernize the compliance function is now mission-critical for financial institutions globally,” said Mariyan Dimitrov, head of research at RegTech Analyst. “And even though 51% of RegTech 100 companies are based within the UK or US, the spread of RegTech innovation has seen companies from another 23 countries make the list.”
Nigel Verdon, co-founder and CEO, told the media: “We are delighted that we have made this highly prestigious list which considers over 1000 companies across 25 countries. Railsbank ́s core focus is the innovative use of technology to enable companies in the financial sector and beyond to successfully build their businesses on a solid platform. To be recognised for that by the panel makes us very proud.
“It has been a busy year for Railsbank, completing our Series A funding round, opening our Asian hub in Singapore, growing our client list and tripling staff numbers, so this announcement tops a great 12 months.”
A full list of the RegTech 100 is available at www.RegTech100.com.