Cygnetise selected for the RegTech Analyst RegTech100 list for 2024
Cygnetise has made the seventh edition of the highly regarded RegTech100 list alongside leading regtech peers like Diligent, CUBE, Fenergo, ION, and Moody’s Analytics.
Cygnetise has been selected for the seventh annual RegTech Analyst RegTech100 list. The list showcases the most innovative and disruptive businesses in the regulatory technology space that are seeking to help financial institutions manage the fast-paced changes brought on by ongoing regulatory updates and technological advances.
The selection process for this year’s RegTech100 was the most competitive yet, with a wide and diverse range of companies to choose from. A panel of analysts and industry experts assessed a longlist of nearly 1,400 businesses, which was produced by RegTech Analyst. They sought to highlight the technological solutions every compliance, risk and innovation leader in financial services must be in the know about in 2024.
RegTech Analyst director of research Mariyan Dimitrov said, “With tougher economic climate and the continued rise of AI, financial institutions are re-examining the compliance software’s true cost, namely whether a given RegTech solution truly will free up compliance staff for higher-level tasks and whether the software can scale, adapt, and get implemented efficiently.
“This year’s RegTech100 list highlights the leading companies in areas such as information security, compliance, risk management and fraud prevention working on the forefront of innovation and new AI implementations who have demonstrated a strong track record delivering regulatory and operational improvements in financial services.”
Cygnetise applies the latest blockchain technology to revolutionise the process of Authorised Signatory Management (ASM). The platform simplifies and solves the pain of ASM by providing transparent, customisable, real-time digital management of authorised signatory lists. The easily adopted, low-maintenance SaaS software enables the creation and distribution of authorised signatory lists entirely in a highly secure, tamperproof decentralised database. Cygnetise significantly reduces the risk of fraud and compliance issues.
Cygnetise CEO, Steve Pomfret commented, “We are delighted to have been selected from amongst so many high-quality entries for the prestigious RegTech100 list. This is even more significant considering the current environment where RegTech applications have increased spotlight and popularity.”
A full list of the RegTech100 and detailed information about each company is available to download for free at www.RegTech100.com.