Press Release

RegTech Market to be Driven by the Increase in Collaboration Between National Regulators & Financial Institutions

The growing instances of fraudulent activities are expected to drive the Global RegTech Market in the forecast period of 2024-2028.

According to TechSci Research report, “RegTech Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028,” the Global RegTech Market is anticipated to register a robust growth during the forecast period, 2024-2028 on account of increasing need for faster transactions in the industry and growing application of artificial intelligence, machine learning and blockchain to offer new efficiencies for banking and financial institutions during compliances. Technology has become the key enabler of excellence and businesses are gradually becoming mobile as digitalization emerges. The increasing internet penetration is further enabling customers to adopt advanced RegTech solutions. Furthermore, RegTech assists organizations in enhancing safety, cost-reduction capabilities with real-time compliance analysis and help connect regulators and businesses while protecting the interests of consumers. The increasing attention to financial regulations, rapid expansion in collaboration between national regulators and financial institutions along with the rising adoption of cloud computing services are some of the key driving factors leading to growth of the Global RegTech Market.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "RegTech Market

The Global RegTech market is segmented into component, deployment mode, organization size, application, technology, end-user, region and competitive landscape. Based on component, the market is bifurcated into solutions and services. The services component is further bifurcated into professional services and managed services. Based on deployment mode, the market is segmented into on-premises and clouds. Based on organization size, the market is divided into SMEs and Large Enterprise. Based on application, the market is categorized into risk and compliance management, identity management, regulatory reporting, fraud management, regulatory intelligence. Based on technology, the market is segmented into cloud computing, blockchain, biometrics, artificial intelligence (AI), NLP & machine learning, and others. The end-user segment is further categorized into healthcare, BFSI, retail, IT & telecommunications, government & public sector, transportation & logistics, food & beverage, manufacturing, and others professional services and others.

Based on deployment mode, cloud segment is expected to dominate in the global regtech market. The high growth of this segment is attributed to the increasing use of cloud regtech solutions by enterprises that are seeking to manage expenditure and for processing large amounts of data to identify risks and enhance controls. Moreover, cloud deployment helps by offering centralized data storage, along with the growing requirement to cut internal system design, implementation, and continuing maintenance costs. Such benefits enable the organization to implement more cloud based regtech solutions in the business process. Furthermore, the enterprises can deploy and utilize cloud-based business solutions enabling the accessibility to begin or end any services, leading to the high adoption of cloud deployment in the regtech market.

On the basis of application, risk and compliance management segment is expected to dominate the global regtech market due to the increasing requirement to manage complex procedures in the banking industry for the better execution of compliance management. Moreover, the high rate of adoption in developed nations have enabled the risk and compliance management companies to concentrate more on RegTech-based solutions in their business models. Moreover, the increasing prevalence of assimilation of RegTech solutions into current technology platforms is expected to enhance operational efficiency, financial transparency, and agility and lower the overall compliance costs of financial institutions. Furthermore, the growing digitalization and emerging technologies play a significant role in the risk and compliance management services, enabling the adoption of RegTech solutions in the market.

Key market players in the global regtech market:

  • REGnosys Limited
  • Thomson Reuters
  • Ascent Technologies Inc.
  • Broadridge Financial Solutions Inc.
  • Ayasdi AI LLC
  • Deloitte Touche Tohmatsu Limited
  • International Business Machines Corporation (IBM)
  • London Stock Exchange Group (LSEG)
  • Wolters Kluwer N.V.

Recent Developments

On January 18, 2023, a global Fintech leader, Broadridge Financial Solutions, Inc., partnered with IGM Financial to introduce the digital wealth platform. next-generation, higher-density laser spectrophotometer chip for wearable health monitoring. With a flexible, scalable platform powered by an aggregated data layer, the company will leverage Broadridge’s R.Broker solution to optimize advisor team productivity and enrich client experience and digitize enterprise-wide operations.

On March 30, 2022: ACTICO, an international provider of digital decision-making software announced the strategic partnership with Confirm, a leading crypto anti-money laundering and analytics company. The partnership will bring banks and financial service providers to analyze and assess money laundering risks for crypto transactions directly within the ACTICO Compliance Suite.

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“North America is estimated to hold the largest market share in the global regtech market owing to the increasing adoption of advanced next-generation technologies along with the strict regulations and increasing technological advancements in the United States and Canada. This is due to the presence of established companies such as Broadridge Financial Solutions Inc, Deloitte Touche Tohmatsu Limited, Ayasdi AI LLC, and many more that are focusing on offering advanced RegTech solutions to improve business processes. Additionally, it is anticipated that the growing investments by financial firms to optimize technological resources for better management and regulation and increasing penetration of artificial intelligence (AI) in the financial sector are enabling RegTech technologies. The need for adequate accountability and accuracy with better risk management reforms for high-speed transfer in data communication for telecommunication, military, healthcare, and BFSI are anticipated to fuel market expansion in North America.” said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global RegTech Market Segmented by Component ((Solution and Services (Professional Services and Managed Services))), By Deployment Mode (On-premises, Cloud), By Organization Size (SMEs, Large Enterprise), By Application (Risk and Compliance Management, Identity Management, Regulatory Reporting, Fraud Management, Regulatory Intelligence), By Technology (Cloud Computing, Blockchain, Biometrics, Artificial Intelligence (AI), NLP & Machine Learning, and Others), By End-User (Healthcare, BFSI, Retail, IT & Telecommunications, Government & Public Sector, Transportation & Logistics, Food & Beverage, Manufacturing, and Others), By Region, Competitionhas evaluated the future growth potential of Global RegTech Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global RegTech Market.

Mr. Ken Mathews
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New York – 10017
Tel: +1-646-360-1656
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