Market Overview

Global Regulatory Technology (RegTech) Market 2018-2023: Market Growing at a CAGR of 25.4%, to Reach $7.2 Billion -


The "Global
Regulatory Technology (RegTech) Market: Drivers, Restraints,
Opportunities, Trends, and Forecast up to 2023"
report has been
added to's offering.

The global RegTech market revenue is estimated to be $2,321.5 million in
2018 and is expected to reach $7,207.6 million by 2023, growing at a
CAGR of 25.4% during the forecast period 2018-2023.

The banks and financial institutions operate in a highly regulated
environment and continuously face new regulations to prevent money
laundering and restrict terrorist funding. Banks spend hefty amount due
to fines and penalties for non-compliance with regulations. The annual
spending of the financial institutions for non-compliance issues is more
than $100 billion. The FinTech industry, over the last couple of years,
has realized the need and opportunity of RegTech software. The RegTech
vendors offer software to simplify the implementation of regulations for
financial institutions.

The solutions include compliance management, reporting, identity
management, and risk management. The compliance management solution
segment is expected to grow at the highest CAGR during the forecast
period. The solutions help organizations in key compliance areas and
risk aversion for AML, KYC, MiFID II, Basel III, PSD 2, Solvency II, and
AIFMD. The traditional compliance tools are not found to be effective to
respond to regulatory changes in recent times. With the major focus of
governments across regions with GDPR guidelines, RegTech is expected to
majorly impact the financial service organizations.

With an increased focus on data protection rules, organizations need to
strictly adhere to compliances and monitor transparency in money
transactions as laid down by the regulatory bodies to avoid huge
penalties. Many RegTech vendors have partnered with GRC vendors to
enhance their reach to the market and clients.

The adoption of RegTech is the highest in Europe owing to strict and
mandatory rules and directives for financial transactions and data
protection. The cloud deployment mode offers enterprises to opt for SaaS
on a subscription basis as per usage rather than incurring costs on
hardware and infrastructure. The Asia Pacific region holds a huge
potential for the vendors and is expected to grow at the highest CAGR
during the forecast period 2018-2023. The Asia Pacific region is
expected to witness growth in RegTech due to the presence of a few
emerging countries and financial hubs in Hong Kong, Singapore, and India.

Key Topics Covered:

1 Industry Outlook

2 Report Outline

3 Market Snapshot

4 Market Outlook

5 Market Characteristics

6 Solutions: Market Size & Analysis

7 Deployment Mode: Market Size & Analysis

8 Organization Size: Market Size & Analysis

9 Region: Market Size & Analysis

10 Companies to Watch for

11 Competitive Landscape

12. Annexure

13. Abbreviations

Companies Mentioned

  • Abside Smart Financial Technologies
  • Algoreg
  • AML Partners
  • Ayasdi
  • Clarus
  • EastNets
  • Featurespace
  • Fintellix Solutions
  • Lombard Risk
  • NetGuardians
  • NEX Regulatory Reporting
  • OpusDatum
  • Promapp
  • Reportix

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