We are happy to announce that RegTech100 named NewBanking Identity as one of the top 100 most innovative RegTech companies in 2020! Every year a list of 100 of the world’s most innovative RegTech companies are recognised by FinTech Global and RegTech Analyst, leaders in the global FinTech industry.
NewBanking along with 99 other companies are recognised, amongst financial institutions, as impacting and innovating the compliance, risk management and cybersecurity industries.
NewBanking develops and operates a patent-pending identity management platform that offers its customers a significantly better and smarter way to manage the personal data of their customers. NewBanking provides consumers with a platform for managing and sharing their personal data with people and organisations they trust, while retaining full ownership of their data, removing unnecessary costs and risks.
After seeing tremendous growth in the past three years, the RegTech (regulatory technology) industry has established itself as one of the most important sectors within financial technology. Over $14 billion has been invested in RegTech companies since 2016, as banks and other financial institutions grapple with the costs and complexities of regulatory requirements.
Several factors were considered during the selection of this year’s RegTech100 list.
- Impact on the problem being solved;
- Growth, in terms of capital raised, revenue, customer traction;
- Innovation of technology solution offered;
- Potential cost savings, efficiency improvement, impact on the value chain and/or revenue enhancements generated for clients;
- How important is it for a financial institutions to know about the company.
The RegTech100 list aims to help senior management and compliance professionals evaluate which solutions have market potential and are most likely to succeed, having a lasting impact on the industry, shaping the future of compliance, risk management and cybersecurity industries.
To find out more about NewBanking go to: www.newbanking.com