Sensiple featured in RegTech100 list of most innovative RegTech company of the year 2020
Sensiple featured in RegTech100 list of most innovative RegTech company of the year 2020.
- Newark, NJ (1888PressRelease) December 06, 2019 - Sensiple, a leading provider of automated RegTech solution provider for the financial services industry, is proud to announce that it has been featured in the RegTech 100 list.
The REGTECH100 is a prestigious annual list of 100 of the world’s most innovative RegTech companies selected by a panel of industry experts. Finalists of the RegTech 100 lists were expected to identify the innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function.
These are the companies every financial institution needs to know about as they consider and develop their mission critical RegTech and digital transformation strategies. The REGTECH 100 list will also help senior management and compliance professionals evaluate which solutions have market potential and are most likely to succeed and have a lasting impact on the industry.
Only 19 US companies made to 2020 RegTech100 list and Sensiple is one among them. On this occasion, Mr. Kumaraswamy, MD and COO of Sensiple commented, To be recognized as one of the innovative RegTech company is notable milestone in our journey. Our solutions enable our clients to achieve effortless, efficient, accurate and cost effective RegTech solution. Our product uses analytics, Artificial Intelligence, and Machine Learning to manage risk and compliance on a real-time basis with a predictive and preventive approach towards risk mitigation. Sensiple’s algorithms enable unsupervised machine learning to deliver unparalleled efficiency gains for banks/ Financial Institutions in their risk management functions.
The RegTech industry is a key sector for the financial services industry with more than $14bn having been invested in these firms since 2016.
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.
Sensiple’s RegTech platform adheres multiple regulatory frameworks including EMIR, SEC, MiFID II, Best Execution, SFTR, providing compliance and operations teams effectiveness enabled with RegTech that improves decision making and drive increased value.
In addition, Sensiple has been establishing its client-base all over Europe, US and Asia-Pacific with estimated revenue of $50 Million by 2022.
To learn more about Sensiple or about our RegTech product, please reach us at info ( @ ) sensiple dot com
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