Green Check Verified: Safe and Reliable Cannabis Banking

Top 10 Regtech Solution Companies - 2020

RegTech today is on a constant uphill climb and has grown significantly in both importance and size. Government institutions across the globe have become increasingly stringent with various regulations and, owing to the increasing number of threats organizations currently face, their actions are justifiable. However, the problem for banks and other related firms does not lie in trying to stay compliant alone: the existence of legacy systems have created several gaps in the implementation of new technologies. These instances have driven financial institutions to turn toward regtech solutions that leverage software and automation to close compliance gaps and address other regulatory challenges. Financial regulations like GDPR, PSD2, and MiFID II/MIFIR have made it absolutely essential to build compliant solutions, and thankfully, regtech solution providers today make it easy for the companies to remain compliant.

RegTech providers help organizations lessen their regulatory burdens while ensuring that they cut costs for the same. With the technology-based solutions provided by regtech companies, institutions can digitize and automate their compliance processes, collect the data, and produce reports in the formats prescribed by various governing bodies. Regtech professionals leverage AI to detect fraud or blockchain technology to prevent money laundering and also help finance companies to stay vigilant of any changes in concerned financial regulations. Cloud-based services are leading the charge, and regtech solution providers are driving innovation within companies that employ legacy systems as well. Regtech is increasingly becoming vital for measuring the regulatory impact and viability of business decisions in today’s highly globalized marketplace. And with the right solutions in place, risk assessment and compliance can be determined expeditiously.

This edition of Financial Tech Review comprises a list of leading regtech solution providers and consulting companies that guide financial institutions toward harnessing the power of innovative technologies to tackle today’s regulatory challenges. We hope this edition helps build partnerships that you and your firm require in order to foster a culture for immaculate compliance.

We present to you Financial Tech Review’s “Top 10 Regtech Solution Providers– 2020.”

    Top Regtech Solution Companies

  • A specialist provider of testing and validation solutions for sanction screening and transaction monitoring technologies.The company publishes monthly Global Benchmark scores that represent industry standards, allowing financial institutions to compare their sanction screening system performance with peers around the globe and take corrective measures as required.AML Analytics has also developed a powerful self-assessment tool for clients to validate the effectiveness and efficiency of sanction screening technologies using Control records and Manipulated records which are changed by algorithm, thereby enabling clients to address regulatory requirements and minimize exposure to risks

  • Encompass Corporation carefully listens to and understands its client's needs and requirements. The company then develops an automated process that collects data through various disparate sources and creates a consolidated customer profile that meets all the regulatory and compliance specifications

  • Green Check modernizes the way cannabis businesses and financial institutions work together through its Green Check Verified web-based platform. It has been designed to help FIs successfully launch, manage, and scale a complaint and efficient cannabis banking program. Green Check’s account onboarding feature lets them standardize their enhanced due diligence process and automate the maintenance and upkeep of the account documentation. The company’s patent-pending Compliance Rules Engine (CRE) runs each transaction through a database of rules drawn from the existing federal guidance and state statutes governing cannabis programs, the CRE is the heart of the web-based platform

  • The aim of the company is to help financial institutions (FIs) bank high-risk businesses such as Hemp, CBD, cannabis, and MSB with its platform for automating on-boarding and ongoing requirements. VeriLeaf assists FIs by automating compliance, risk assessment, and mitigation, as well as advanced due diligence through its modern RegTech platform. It optimizes the on-boarding, review, and ongoing compliance required for Hemp & Cannabis banking and provides completely configurable applications and workflows based on the compliance requirements of the FI

  • Acuant


    Acuant's solutions balance security with customer experience while fighting fraud across the physical and digital world. The result is the most accurate risk decisioning that allows businesses to move faster and deliver the best experience across all channels. For more than 20 years Acuant has worked with leading global partners in every major industry to secure, scale and streamline trusted transactions. We have obtained a global footprint that provides the best coverage. Acuant’s Trusted Identity Platform provides AI-powered identity verification, regulatory compliance (AML/KYC) and digital identity solutions that deliver unparalleled accuracy and efficiency

  • Ascent


    A pioneer in the RegTech space, Ascent delivers AI-driven solutions that help customers automate regulatory compliance to reduce both risk and the cost to comply. The eponymous patform is a regulatory knowledge platform that streamlines the most tedious and error-prone parts of compliance. By merging AI-driven technology with human expertise, Ascent’s groundbreaking solutions help financial firms effectively manage regulatory change and reduce their risk—at a fraction of the time and cost. Our mission is to reduce the costs and complexities of compliance and to help create a world that’s not restricted, but empowered by the rule of law

  • AxiomSL


    AxiomSL is a global leader in risk analytics, data-management, and regulatory-reporting solutions. Leveraging more than 25 years’ experience, AxiomSL combines its deep industry experience and intelligent data-management platform to deliver solutions and services around regulatory and risk reporting, liquidity, capital and credit, operations, trade and transactions, and tax analytics. AxiomSL's cutting edge technology positions the company as the industry standard for IT infrastructure and business solutions. The new technologies adapted into its architecture provide for added strength, scalability, and flexibility never before seen. This gives AxiomSL clients the ability to make business critical decisions, adapt to constantly changing business environments and the ability to succeed within the organization throughout mergers & acquisitions

  • Kompli-Global


    Kompli-Global provides accurate and comprehensive intelligence on organisations and their people to drive informed decision making capabilities. The company's proprietary search platform provides an in-depth overview of published information on individuals and entities which will allow you to engage and retain profitable business without fear of regulatory sanction and reputational damage. This makes due diligence fast, simple, scalable and affordable for any business with KYC and AML obligations. Kompli-Global appreciates that nothing should be taken at face value in a world where criminals and terrorist organisations are using increasingly sophisticated techniques. the company believes industry-leading technology and focussed experience is essential to combat these threats



    NICE (Nasdaq: NICE) is the worldwide leading provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data. Since 1986, NICE has been the recognized leader in these fields, providing solutions which turn both structured and unstructured data into valuable and actionable information. the company's success started by capturing interactions and our expertise has evolved into applying analytics on these interactions. ​Combined its years of cultivating domain expertise in partnership with the customers, NICE can help customers not only understand what’s happening in real time, they can predict what will be. NICE helps organizations of all sizes deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions



    VERMEG is a specialised software house covering three main market segments in financial services: Banking, Wealth and Asset Management and Insurance. The company's business solutions are designed to address the challenges linked to the transformation of the financial services industry. As information system architects, VERMEG ensures its clients can achieve cost reductions and Time-To-Market control in the modernisation of their information systems. In addition to offering standard software solutions that meet evolving digitised needs, VERMEG provides tailor-made solutions based on its own tools, project and business expertise. VERMEG has over 1100 employees, with presence in Australia, Belgium, China, UK, France, Germany, Japan, Hong Kong, Luxembourg, Netherlands, Singapore, South Africa, Spain, Tunisia and United States. The company supports more than 500 clients in 40 countries

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