Three Luxembourg-based Startups Make RegTech 100 List

Bert Boerman, CEO of Governance.com, a regtech company that digitally transforms the asset management industry (Photo © Governance.com)

The Luxembourg-based startups Governance.com, LUXHUB and Scorechain feature on this year’s RegTech100 list. The annually released list aims to help decision-makers and cut through the noise by featuring the world’s 100 most innovative RegTech companies.

Luxembourg may be small in size but its performance on the global scale keeps impressing. With three Luxembourg-based startups making the RegTech100 list and another three having their operations based in Luxembourg, one can safely say that Luxembourg is punching above its weight.

While many top 100 lists are nothing more than thinly veiled marketing attempts, the same cannot be said for the RegTech100. As part of FinTech Global, the world’s leading provider of FinTech information, the RegTech100 list holds a lot of sway in the FinTech community.

“The RegTech100 list helps banks and financial institutions 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,” says Mariyan Dimitrov, RegTech Analyst Director of Research.

Luxembourg’s Top RegTechs

Wanting to cut through the noise and offer an unbiased list which serves the decision-makers of financial institutions is no easy task. But with the help of industry experts and analysts, FinTech Global and RegTech Analyst manage to whittle the list down to a 100 from a longlist of nearly 1200.

Exciting for the Luxembourg ecosystem is the featuring of the three local startups Governance.com, LUXHUB and Scorechain.

Governance.com is a low-code process management platform for regulated companies which has been garnering quite some attention in the local ecosystem.

“We are thrilled to be listed a top 100 global RegTech firm set to help deliver digital transformation in 2022. This is the second time we make it to the global list; a reflection of our continuing success in offering market-leading digital solutions to help firms eradicate the pain points they experience in the face of increased regulatory burden,” says Bert Boerman, CEO and co-founder of Governance.com.

Created by four major Luxembourgish banks, LUXHUB is the Open Banking pioneer from Luxembourg which is “built on compliance and driven by innovation.”

“Regulation and compliance costs will keep on increasing in the years to come, impacting all financial institutions. On the other hand, tech – and especially automation, AI/Machine Learning and of course APIs – is influencing the RegTech market, with advancements enabling developments in solutions for better identification, fraud, process optimization, and other areas,” says Jacques Pütz, CEO, LUXHUB.

Scorechain is a Compliance Solution for Crypto Asset Regulation which is offers customizable Risk-AML software for cryptocurrencies.

To find the full profiles of the RegTech100, check out FinTech Global’s website.

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