The honour marks the second consecutive year Ideagen earned a place on the selective list of the world's most innovative providers that offer cutting-edge solutions, products and services in the areas of compliance, risk management, information security and financial crime prevention.
Ideagen’s world renowned quality, audit and risk software is already used by more than 6,000 highly regulated customers across multiple industries such as aviation, financial services, life-sciences, healthcare and manufacturing with operations throughout the UK, US, Australia, Europe, Middle East and South-East Asia.
Out of nearly 1,200 companies, Ideagen was named on this year’s prestigious list by a panel of analysts and industry experts for its innovative solutions, business growth, efficiency and impact on the problem being solved.
According to RegTech Analyst, the industry has experienced rapid growth over the last two years as financial institutions dealt with rising tide of regulatory changes and rules updates brought by remote working and increased use of digital channels post Covid-19. As a result, RegTech spending by banks and other highly regulated institutions is projected to exceed $130bn by 2025.
Each year, the list aims to help senior management and compliance professionals evaluate which solutions have market potential and are most likely to succeed and have a lasting impact on the industry.
CEO of Ideagen, Ben Dorks, said: “We're truly honoured to receive this global recognition once again and appreciate RegTech Analyst's extensive efforts to identify the most innovative and impactful RegTech firms. We have made significant strides in the last year, recently having completed our 25th and biggest ever acquisition to date and we are in a strong position to continue this growth trajectory moving into 2022.
“Being included on the RegTech100 list for a second year is a testament to the strength of the Ideagen and our continuous product development and innovation. Recognition like this not only underlines our commitment to supporting customers in highly regulated environments with high quality software solutions, but it is a tremendous boost and a fantastic reward for our brilliant team.”
RegTech Analyst director of research Mariyan Dimitrov said, “Banks and other financial institutions are investing heavily into AI capabilities to automate highly manual regulatory tasks, support digital onboarding processes and monitor for fraudulent activity. The RegTech100 list helps them filter through all the vendors in the market by highlighting the leading companies in sectors such as identity verification, risk management, communications monitoring, information security and financial crime prevention.”
A full list of the RegTech100 for 2022 and detailed information about each company is available to download for free at www.RegTech100.com.