After analyzing around 333 RegTech companies, Deloitte managed to identify 5 main categories of Regulatory Technology, which are as follows:

• Compliance
  • AI algorithms monitor and track the current state of compliance and regulations in real time
• Identity management and control
  • including the Know Your Customer (KYC) processes, making use of AI and machine learning gathering the necessary information
• Risk management
  • monitoring risk by identifying situations based on delivered data, detecting compliance and regulatory risks, assessing risk exposure and anticipating future threats
• Regulatory reporting
  • enabling automated data distribution and regulatory reporting through big data analytics, real time reporting and cloud, bringing significant time and cost savings
• Transaction monitoring
  • identifying potentially suspicious activities and flagging illegal ones, analyzing and monitoring transactions faster and more accurately

In our article, we have created a list of top 25 European RegTech companies and some of their basic details. Let us present a few of them:

• Alyne
• Blinking
• Cleversoft
• DataGuard
• FacePhi
• 4Stop
• Governance
• Hawk:AI
• RegBot
• ScaledRisk

Under the notion of FinTech software we can distinguish 9 categories:

• RegTech
  • catering compliance issues and managing regulations
• Blockchain and Cryptocurrency
  • for transactions and trading
• Crowdfunding Platforms
  • for funding a project with a small amount of money contributed by many people
• Investments: Robo-Advising and Stock-Trading Apps
  • asset recommendations
• Insurance
  • attracting new customers and coordinating with old ones
• Payments
  • sending and receiving payments
• Personal Finance
  • financial assistance, budgeting, managing personal finances
• Lending
  • speeding up the lending processes
• Price Comparison
  • providing users with key product information including price, features, availability in stores, rating, reviews