London / Immenstaad, December 07, 2022 – Specialist research firm RegTech Analyst released the RegTech100 list for 2023. The list compiles the world’s most pioneering businesses in the regulatory technology market that are helping financial institutions deal with the most pressing compliance and risk management challenges. Once again ACTICO ranks among the top 100 RegTech companies worldwide. A panel of analysts and industry experts reviewed a longlist of nearly 1,300 businesses, which was produced by RegTech Analyst.
ACTICO was recognized for its innovative use of technology by combining human knowledge and AI with automation technology. The ACTICO Compliance Suite helps to solve significant industry problems and aims to improve the efficiency of compliance tasks.
Three main reasons for selecting ACTICO:
- Financial crime and fraud preventions is now mission critical for financial institutions. With its Compliance Suite, ACTICO offers a comprehensive solution to meeting compliance requirements and fighting financial fraud.
- Solid progress onboarding established international clients across different industries such as banking, insurance and investing over the last 12 months
- With 2023’s predicted budget freezes and optimisation, ACTICO’s solutions bring efficiency in Credit Risk Management and Compliance processes, resulting in reduced workload and costs.
Rapid growth in the RegTech industry
RegTech Analyst director of research Mariyan Dimitrov said, “With the rapid changes in regulatory frameworks, working habits and customer expectations, compliance and regulatory technology continue to be a growing area of investment for financial institutions as they streamline their operations.”
“Much of the rules and processes behind the procedures of companies are hard-coded, making adaptations time-consuming and expensive. To rid the market of this problem, ACTICO enables business users and IT departments to make fast and intelligent decisions based on a low-code business rules management software and AI”, Hans Jürgen Rieder, CEO at ACTICO explained.
For more detailed information please read the interview: