RegTech100 2024: Discai earns its spot among the top innovators

RegTech100 2024: Discai earns its spot among the top innovators

The RegTech100 for 2024, a prestigious list of the world’s most innovative RegTech companies, has been unveiled by FinTech Global and Discai, a company that proudly bears the titles of BankTech, FinTech, and RegTech, has rightfully earned its place on the RegTech100 list. Their unique proposition sets them apart from the competition in more ways than one.

FinTech Global, the mastermind behind the acclaimed AIFinTech100 awards, has unleashed the RegTech100 for 2024. This exclusive compilation spotlights the world’s most innovative RegTech companies, a dazzling showcase of the industry’s powerhouses. These are the game-changers every financial institution must have on their radar, leading the charge with groundbreaking solutions in the realm of regulatory technology. And Discai made it to the top 100.

What is RegTech?

In essence, it’s the use of technology to manage regulatory processes within the financial sector. This includes essential functions such as regulatory monitoring, reporting, and compliance. Amid high Inflation, private investment slowdown, and spectacular examples of compliance fines and poor risk management, the RegTech sector demonstrated resilience and maintained its strong growth trajectory.

Research by Fortune Business Insights found that the sector is anticipated to grow from $12.82bn in 2023 to $60.77bn by 2030, at a CAGR of 24.9% over the period. The panel of analysts and industry experts assessing the longlist of nearly 1,400 businesses reported that with the market continuing to go from strength to strength, the selection process for this year’s RegTech100 was the most competitive yet, with a wide and diverse range of companies to choose from.

Why did Discai make the cut?

Discai, a company that proudly bears the titles of BankTech, FinTech, and RegTech, has earned its place on the RegTech100 list because their unique proposition sets them apart from the competition in more ways than one.

On one hand, Discai’s KYT AML solution plays a vital role in ensuring banks’ compliance with regulations. Banks are mandated by their local regulators to detect money laundering activities, a task that’s both complex and crucial. Discai’s innovative solution streamlines this process, making it 3 times more efficient and effective.

On the other hand, Discai’s distinctiveness arises from their position as a BankTech company. Their roots in the banking sector mean they possess an unparalleled understanding of financial regulations. They are, in essence, “built by a bank, for banks.” Their deep collaboration with compliance experts from KBC Group, a leading European financial institution and Discai’s parent company, combined with the expertise of their in-house data scientists, empowers Discai to navigate the intricate regulatory landscape with exceptional insight. A unique synergy that distinguishes Discai from all other competitors worldwide.

As financial institutions increasingly seek intelligent solutions to combat financial crime and meet regulatory demands, Discai’s presence on the RegTech100 list solidifies their position as a leading innovator in the field of regulatory technology.

A full list of the RegTech100 and detailed information about each company is available to download for free at www.RegTech100.com.