The list of the world's 100 most influential and innovative companies offering RegTech solutions was released today. FinTech Global and RegTech Analyst award this recognition to industry players that stand out for their presence in the market, specific projects carried out for their clients and the positive impact of their solutions.
The RegTech100 2024 list includes Tecalis in its seventh publication, valuing its proposal in qualified trust services such as QTSP, SaaS software development with proprietary technology in products that solve decisive use cases for the operation of leading players in all industries and the disruptive integration of Artificial Intelligence and other advanced techniques to achieve a differential performance.
Therefore, global pioneers in technology solutions that stand out in areas such as regulatory compliance, risk management, information security and financial crime prevention are distinguished.
The field of RegTech (regulatory technology) has experienced rapid growth in recent years. This growth is attributed to companies with a financial component (BFSI areas), telecommunications and utilities, which have been challenged by the tide of regulatory changes and updates to both regulatory and international regulations.
Spending on RegTech technology alone by banks and other highly regulated institutions (insurance, financial services and others in the FinTech ecosystem) is projected to exceed $130 billion by 2025.
The selection process for this year's 100 Leaders in RegTech Innovation has been highly competitive. An exclusive panel formed for the RegTech100 2024 comprised of analysts, industry association executives, journalists and industry experts cast their votes after reviewing an extensive list of more than 2,000 companies compiled by RegTech Analyst.
Tecalis was recognized for its innovative approach to the application of proprietary technology (something not so common in the industry) that has outperformed on average by helping its customers address significant challenges in their industries, save costs and grow, going beyond strictly RegTech as a differentiating mark of its value proposition.