2019 RegTech Industry News: Regulatory Technology Market Will Emerge Globally and Grow with 25.4% of CAGR by 2023

“RegTech- the new Fintech is disrupting the regulatory landscape by providing advanced technological solutions to meet the growing demand for compliance across the financial industry”.

FREMONT, United States - May 17, 2019 /MarketersMedia/ —

Regulatory Technology Market Insights
The global Industry for Regulatory Technology Market is expected to grow with a high CAGR of 25.4% to reach a valuation of $ 7,201.1 million by the year 2023. The compliance management system is expected to increase significantly, owing to risk reduction in anti-money laundering, KYC, Basel III, and Alternative Investment Fund Managers Directive. The focus of the banking industry is to implement data protection rules and strictly stick to the government policies, in order to monitor transparency in financial transactions.

The RegTech also offers attractive returns on investment with cost cutting measures. For instance, the Dutch bank Rabobank has used RegTech for risk management which has considerably reduced the compliance time. The regulatory sandbox approach is also a booming sector in RegTech, where the sandbox is a virtual platform that is created to test new processes, products, services, or technologies before using these in reality.

Get A Free Sample copy of Regulatory Technology Market 2016-23 Report and 30 mins Free Consultation!

Recent News:

In October 2018, Thomson Reuters has signed an agreement to acquire the Integration Point, an international leader in Global Trade Management (GTM) operations. This acquisition will help the company in achieving its ONESOURCE global tax compliance operations and will expand the product portfolio to software and cloud-based offerings.

In June 2017, IBM has developed a new Watson-powered RegTech software for helping the financial services organisations in managing their increasing compliance responsibilities. This software has been developed for helping advisors and financial professionals in better understanding the potential financial crimes and regulatory requirements. The software can also help manage financial risks.

In April 2017, Wolters Kluwer, a global information services company has acquired Tagetik, a provider of corporate performance management solutions. The acquisition has been done to develop a new business unit called Corporate Performance Solutions to expand the company.

Regulatory Technology Market Dynamics
Regulatory Technology (RegTech) has primarily being introduced at various points of compliance. They are being used in anticipating potential concerns, like real-time tracking and detection of non-compliant conduct, and for inspecting or creating audit trails. Moreover, this technology helps an organization in saving money and time, and also protects it from regulatory fines. It also helps in decreasing the time required for information assembling to produce reports and also saves money by completing tasks and using one solution across the business.

Regulatory Technology is being generated and configured at a very high speed. By leveraging the extract, transform, and load technology, businesses can remove data sets for an easy data analysis, which allows the company to use this data to achieve multiple objectives. These factors are expected to accelerate the global Regulatory Technology (RegTech) market over the forecast years.

Get Analyst Call Here,

Competitive Intelligence
The companies providing RegTech technology are focusing on the automation of manual processes, data analytics applications, and improvement in data quality. Digitization and automation reduce the costs of the providers and regulators of the financial service industry. The reduction in time required for assembling the information gathered lowers the wastage of time of the employees. These companies work in collaboration with the financial institutions to share the information among them and work smoothly.

The major players operating in the Regulatory Technology Market includes Ayasdi, Abside Smart Financial Technologies, Deloitte, IBM, Accuity, ACTICO, Alto Advisory, Compendor, Cube, Infrasoft Technologies, Jumio, Fenergo, Thomson Reuters, and Wolters Kluwer. Ayasdi is a US-based machine intelligence company that provides software and applications to organizations that are into predictive analytics. For instance, in April 2017, Wolters Kluwer, a company based in Netherlands and a provider of software solutions and services, acquired Tagetik, a provider of corporate performance management, to create a new business unit. The new unit is named as Corporate Performance Solutions.

Key Questions Answered
What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the Regulatory Technology Market?

What are the microeconomic and macroeconomic factors impacting the overall growth of the Regulatory Technology Market?

Who are the key market players and their key competitors?

Who are the key market players at different stages of the value chain?

What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)

View Complete Report and Table of Content:

Contact Info:
Name: Rohit B.
Email: Send Email
Organization: AllTheResearch
Address: 39180 LIBERTY STREET SUITE 110, FREMONT, CA 94538, USA
Phone: 8886916870
Website: https://www.alltheresearch.com

Source URL: https://marketersmedia.com/2019-regtech-industry-news-regulatory-technology-market-will-emerge-globally-and-grow-with-254-of-cagr-by-2023/514261

Source: MarketersMedia

Release ID: 514261

More News From Daily Sprinter

South Africa Rugby World Cup winner Chester Williams dies

Sep 18, 2019

CAPE TOWN, South Africa — Chester Williams, the only black player on South Africa's famed 1995 Rugby World Cup winning team, died on Friday of a heart attack. He was 49. SA Rugby announced Williams' death and said he died in Cape Town, where he had been coaching a university team. Williams became one of the faces of the new South Africa when the Springboks won the World Cup on home soil in front of Nelson Mandela. It was just a year after apartheid officially ended and South Africa elected Mandela as president in its first all-race elections. Williams' presence...

South Africa's RWC squad: Kolisi captain & Etzebeth included

Sep 18, 2019

JOHANNESBURG — South Africa included experienced lock Eben Etzebeth in its Rugby World Cup squad on Monday, despite claims that he was involved in a bar fight and another altercation on the street at a beach resort over the weekend. Etzebeth issued a public denial saying he was not involved in either. Etzebeth was among the 31 players named by coach Rassie Erasmus for the World Cup in Japan starting next month. Flanker Siya Kolisi will captain the squad after recovering from a knee injury that saw him miss the Springboks' entire victorious Rugby Championship campaign. Etzebeth denied any involvement...

South Africa wins 24-18 after Pumas late try disallowed

Sep 18, 2019

PRETORIA, South Africa — Argentina was denied just a second victory over the Springboks in South Africa and a big boost for the Rugby World Cup when Lucas Mensa's try with three minutes to go was disallowed on Saturday. Instead, South Africa flyhalf Elton Jantjies kicked over the resultant penalty to see a second-string Springboks team home 24-18 in a Rugby World Cup warmup game at Loftus Versfeld, keeping the newly crowned southern hemisphere champion unbeaten this season. Jantjies scored 14 points off the kicking tee to go with a brace of tries by wing S'busiso Nkosi. The Springboks were...

Sign up now!

Daily Sprinter delivers the cutting-edge content from game reports to viral videos for our audiences worldwide. Our passionate writers strive to deliver a unique approach to the hottest sports news.