RegTech Analyst has released the latest
edition of its RegTech100 ranking for 2025, highlighting the
companies leading the RegTech industry
ROCKVILLE, Md., Dec. 11,
2024 /PRNewswire/ -- Expert.ai, the industry leader
in providing AI-powered solutions to enterprises, has been named to
the RegTech100, the list of the world's most innovative regulatory
technology companies for 2025. Published annually by RegTech
Analyst, part of the market research firm FinTech Global, the list
showcases the biggest disruptors and market leaders helping
financial institutions navigate the complexities of regulatory
compliance and technological change. The 100 companies were
selected from nearly 1,500 companies by a panel of analysts and
industry experts.
In 2024, the stakes for compliance have never been higher.
According to RegTech Analyst, global financial regulators issued 80
fines totaling $263.2 million in the
first half of 2024 alone for non-compliance with AML regulations,
including KYC sanctions, SARs and transaction monitoring
violations. The RegTech industry is growing rapidly,
with its market value expected to surge from $15.8 billion in 2024 to an estimated$85.92
billion by 2032, reflecting CAGR of 23.6%.
"As financial institutions get to grips with the challenges
of staying compliant amid rapidly changing regulatory obligations,
as well as the growing presence of AI, the importance of working
with the right RegTech partner is becoming critical," said
RegTech Analyst Director of Research Mariyan Dimitrov. "This year's RegTech100
list highlights the leading movers-and-shakers in areas such as
communications surveillance, onboarding, risk management and
financial crime prevention that are working at the frontline of
innovation, seeking to integrate latest AI technologies into their
offerings to help financial institutions stay ahead of regulatory
updates, improve customer experience and bring operational
efficiencies."
Expert.ai solutions help AML and counter-terrorist financing
(CTF) experts detect anomalies, streamline onboarding and
financial crime investigations, and stay ahead of evolving
regulatory requirements. The combined use of different AI
technologies enables financial institutions to streamline
activities and processes associated with managing large volumes of
internal and external information by analyzing and extracting
valuable insights from news, agreements, email, customer inquiries,
regulatory rules, bank reports and other documents. This approach
enables human professionals to focus on the most critical cases,
ensuring compliance amid growing regulatory scrutiny while
optimizing client experience.
"Financial institutions have long since adopted automated
procedures to streamline compliance activities and provide a better
customer experience in the onboarding journey. However, many
solutions are often inefficient and ineffective due to poor quality
of analytics and data," said Umberto
Pardi, Chief Commercial Officer at
expert.ai. "Using a hybrid AI approach, financial data
and information flows can be comprehensively and accurately
monitored, improving accuracy and accelerating decision making to
transform KYC processes and automate compliance-related workflows.
We are proud that the RegTech review panel recognized the value of
our solutions, rewarding the innovative scope that distinguishes
our offerings for banks and financial institutions in a highly
competitive market."
A full RegTech100 list, along with detailed information about
each company, is available at www.RegTech100.com.
About expert.ai
Expert.ai (EXAI:IM) is a Euronext Growth Milan-listed company
specialized in the implementation of enterprise artificial
intelligence solutions to create business value for organizations
across Europe and North America. By applying a proven innovation
framework, expert.ai supports businesses and public administrations
in their digital transformation, harnessing the potential of AI
across various processes and use cases through a responsible,
transparent and sustainable approach that focuses on people,
problems to solve and goals to achieve. With more than 25 years of
experience in natural language solutions, expert.ai has
successfully implemented hundreds of projects by integrating the
best AI technologies on the market with its proprietary
technologies (knowledge graph, machine/deep learning techniques,
large language models and generative AI). Banks and financial
institutions, insurance companies, publishers and organizations in
the healthcare, defense, intelligence and public administration
sectors choose expert.ai solutions to automate knowledge on a large
scale, manage massive volumes of information, improve decision
making processes and enable new levels of efficiency by leveraging
the right data at the right time with speed. The company's
customers, either directly or through partners, include AXA XL,
Zurich Insurance Group, Generali, Sanofi, EBSCO, The Associated
Press, Bloomberg, INDG, Dow Jones and other industry leaders. Learn
more at https://www.expert.ai.
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