02.12.2020

ACTICO makes the 2021 RegTech100

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London / Immenstaad, December 02, 2020 – The results of the 2021 RegTech 100 are published today by specialist research firm RegTech Analyst. The prestigious list recognizes the world’s most innovative technology solution providers that address the challenges of dealing with regulatory pressures within financial services. ACTICO now ranks among the top 100 RegTech companies worldwide.

A panel of analysts and industry experts voted from a longlist of over 1,000 companies. The finalists were recognized for their innovative use of technology in solving a significant industry problem or generating efficiency improvements across the compliance function.

The fact that ACTICO is among the Top 100 shows that the company is on the right track with its intelligent software solutions for automating compliance. With more than 100 customers in 25 countries, ACTICO has built long-standing business relationships and understands the requirements of the financial industry.

“Our experience shows that digitalization and automation is becoming more and more of a focus for compliance departments,” says Thomas Knöpfler, Chief Sales Officer, Managing Director and co-founder of ACTICO. He continues: “Banks and insurance companies are in the process of automating their compliance tasks with RegTech, because regulatory requirements entail high costs and adjustments. Compliance organizations want to become more flexible and agile in the future and therefore rely more and more on technologies such as machine learning.”

More regulations announced

In the EU, the 6th EU Money Laundering Directive is just around the corner. Financial institutions must implement it by June 3, 2021. In some banks, hundreds of applications will be affected by these changes. ACTICO CEO Hans Jürgen Rieder explains that this is why it is wise to gradually build up a central system. It is important to map compliance knowledge centrally and make automated decisions.

Machine Learning as a central success factor in compliance monitoring

Projects undertaken in banks and insurance companies reveal how machine learning drives automation. The focus is on improving the quality of hits in order to reduce the work involved in compliance clarifications. In sanction list and payment screening, financial institutions can cut this effort by up to 60% if they combine their expert knowledge with machine learning data knowledge.

Download summary (pdf).

Discover the RegTech100 list here (external link).

Learn more about Machine Learning in Compliance.