IdentityMind Ranked in LTP’s “21 Hottest RegTech Startups”
In our third ranking in 3 months, Let’s Talk Payments has ranked IdentityMind in their list of the “21 Hottest RegTech Startups That Are Defining the Industry”. Read the Article on LetsTalkPayments.com What is RegTech? Let’s Talk Payments defines “RegTech” as:
A relatively new term, “RegTech” refers to a set of companies and solutions that address regulatory challenges across industries, including financial services, through innovative technology. RegTech solutions are agile by nature due to the complexity and momentum of regulatory transitions. Traditionally, the technology was developed to be robust. However, RegTech can’t afford the luxury to deliver a solution for static requirements—it has to be a self-learning machine.The list is broken down into 3 categories, dividing the companies according to UK, Ireland, and USA-based regulatory solutions, as well as two companies from Switzerland and the Netherlands. According to Sean Smith, a partner in Risk Advisory at Deloitte,
“In the short term, RegTech will help firms to automate the more mundane compliance tasks and reduce operational risks associated with meeting compliance and reporting obligations. In the longer term, it will empower compliance functions to make informed risk choices based on data provided insight about the compliance risks it faces and how it mitigates and manages those risks.”
We’re proud to be featured on LTP’s list, and to be defining the next generation of risk solutions for digital commerce.