Luxembourg regtech firm Governance.com has been listed in the Top Global 100 RegTech 2023 listing for the third year in a row.
Governance.com was founded in 2014 as a software solution providing investment fund professionals with greater oversight.
Among other things, its solutions include a central repository for fund data, document and workflow management as well as automated processes, performance monitoring and decision recording tools.
The annual Top Global 100 RegTech Firms is selected by The RegTech analyst team and an advisory board based on industry significance, growth, innovation, cost savings and relevance to industry players. The team examined over 1,300 firms in the sector.
“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.”
RegTech Top 100
“The list has been updated for 2023 to recognise the next generation of solution providers shaping the future of compliance, risk management, information security and financial crime prevention,” RegTech writes, adding: “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.”
From 2015 to 2021, regtech Market market value increased by 23.1% CAGR, according to Future Markets Insights, which credits the growth to “rising digitisation in the banking and financial sector”. This transition has led to difficulties such as data breaches, cyber hacking, the possibility of money laundering, and fraud for which regtech businesses are deploying technological solutions.
Governance.com CTO and co-founder Rob Boerman said: “Regulatory technology plays an increasingly critical role in keeping the asset management industry compliant, resilient and agile. We are thrilled to be named a top 100 global RegTech firm for a third consecutive year. In the emerging new economic climate, regulatory process automation has become essential to remain compliant, profitable and to offer the best client experience possible.”
