Leading business and financial adviser Grant Thornton UK LLP is pleased to announce the winners of its inaugural RegTech Awards for 2019. The awards celebrate best-in-class technologies and solutions from across the regulatory technology (RegTech) ecosystem and are based on a new RegTech Index designed to highlight the wide array of technologies available to financial services organisations. The Index was developed in conjunction with The Disruption House, a research and data driven modelling firm specialising in early stage and high growth technology providers, with the awards acknowledging stand-out firms in the following six categories:
- Best Performer: RequirementONE
- Best Newcomer: VigilantCS
- Most Innovative RegTech: Fortia Financial Solutions
- Most Agile RegTech Solution: Governor Software
- Best Regulatory Reporting Solution: Cappitech
- Best Regulatory Reporting Management Solution: VERMEG
Sandy Kumar, Head of Financial Services at Grant Thornton UK LLP, commented: “We’re delighted to celebrate the individual and collective successes of these companies in driving forward-looking technologies and innovation in financial regulation. As the regulatory environment continues to evolve and firms are required to maintain considerably higher reporting and compliance standards, these companies are helping to ensure that the financial system operates as efficiently and effectively as possible.
“Grant Thornton has long been a supporter of these evolving technologies, having worked closely with regulators and the financial services industry to understand the complex needs in accurately reporting and maintaining compliance – the cost of which continues to rise. We believe it’s vital that these emerging RegTech companies are given an opportunity to grow and expand their solutions to both improve cost efficiency, but also ensure solutions are fit-for-purpose and are meeting the needs of the industry, its regulators and the end consumers of financial services.”
Rupert Bull, CEO at The Disruption House, added: “We are excited to support Grant Thornton in the production and launch of this inaugural RegTech Index. The Disruption House’s mission is to accelerate the adoption of early and growth stage technology providers by removing uncertainty about their enterprise readiness and viability for the purchasers of their services. Our analytic model is based on extensive research into the performance of smaller, technology focused, high growth companies.
“The Index helps to reduce the need for financial institutions to continually conduct extensive evaluation activities, reducing the cost of sale and time to market for the RegTechs covered, together with the cost of adoption and time to innovation for the potential purchasers.”
The winners were announced at an event hosted at Grant Thornton’s Finsbury Square, London office on the evening of 2 October 2019.