Regulatory technology, usually abbreviated to Regtech, is becoming a widely used methodology applied in strictly regulated sectors like banking, financial services, healthcare (including pharma) and gaming.


All of these sectors share the feature of being subject to strict government oversight, which requires conforming to regulations, monitoring activities and reporting in prescribed formats. There are the risks of substantial penalties being imposed if the required actions are not completed correctly and on time.

In the past, the tasks had to be performed by each player on their own behalf, which involved considerable investment in infrastructure and expenditure on human resources. Fortunately, the past decade has introduced many revolutionary methods, the most applicable in the case of the companies subject to regulation being cloud-based services, SaaS, BaaS and Fintech.


Cloud-based services shift the need for servers, networks and storage away from owned local facilities onto rented space that is supplied and maintained by third parties. This eliminates the need for investment of capital in depreciating assets, and ensures that the company is always using the most up-to-date and secure facilities.

List of the best Regtech companies in Europe

To assemble our survey of which companies are in the top Regtech companies list  we have surveyed the full range of offerings for mid-size financial institutions that are fully integrated with the most popular Fintech solutions and that also are based in European countries. As a result, these companies should be the closest in the top Regtech companies list for any financial institution looking to expand into the Regtech domain. It’s our advice to discuss your decision with our team of experts here at Money-Gate, because the list of choices is very wide and each possible solution has potential benefits that may suit your specific needs.

Top regtech companies

Name Field Description
FenergoDublin, Ireland Identity Management provides financial institutions with digital client lifecycle and regulatory compliance technologies.
ComplyAdvantage London, UK Compliance Provides AI-driven financial crime risk data and detection technology.
BlinkingBelgrade, Serbia Transaction monitoring and auditing Blockchain-based digital ID solution that provides complete control over users’ data.
OnfidoLondon, UK Identity Management Automates the process of identity verification
Web-IQ BusinessParis, France Risk management Automated due diligence  solutions 
acarda GmbHBerlin, Germany Regulatory Reporting Enables automated data distribution real-time regulatory reporting

Software as a Service gives individual companies access to advanced computer systems without having to design and develop them themselves.

Fintech was a major beneficiary of cloud computing and SaaS. Now financial institutions did not have to rely on face-to-face interactions with their customers, by offering all of their services online. There is also no longer a need for investment in hardware and software, because even companies with limited resources can now build sophisticated systems on rented cloud-based services using software that they can select from SaaS vendors.

Regtech, or regulatory technology, refers to the use of technology to automate and streamline regulatory processes and compliance. This can include the use of software and other tools to automate the collection and analysis of data, the tracking and reporting of compliance-related information, and the detection of potential regulatory violations.

Here are a few examples of how regtech might be used:

Data collection and analysis: Regtech tools can automate the collection and analysis of data from various sources, such as transactions, customer records, and market data. This can help organizations identify patterns and trends that may be relevant to regulatory compliance.

Tracking and reporting: Regtech tools can help organizations track and report on compliance-related information, such as the status of regulatory filings or the progress of internal audits. This can help organizations stay up to date with their compliance obligations and ensure that they are meeting all regulatory requirements.

Detection of potential violations: Regtech tools can use machine learning and other advanced techniques to detect potential regulatory violations, such as fraudulent activity or money laundering. This can help organizations identify and address potential compliance issues before they become serious problems.

Overall, regtech can help organizations improve their regulatory compliance processes, reduce the risk of regulatory violations, and save time and resources.
In our area of specialization, which is banking and finance, there is a strong cross-dependency between Regtech and Fintech because they share many overlapping areas of influence in an enterprise’s operations.


One example of the overlap between Regtech and Fintech is in providing KYC (know your customer) services. In Fintech, KYC is designed to provide a simple, easy and friendly onboarding experience for new customers, but in Regtech, the KYC process has to conform to regulations. This can and often does shift the focus of the process away from the customer’s experience to the requirement for full disclosure and verification of details.


Because Fintech and Regtech are both rapidly evolving technologies, any financial institution that is looking for proper solutions in these areas should get expert guidance from our team of experienced consultants. Money-Gate has over 12 years of experience consulting for both startup and established banks and EMIs, assisting them to obtain corporate and financial licenses, selecting the best clearing and payment solutions and all the other complex processes required for a successful financial institution.


What is Fintech and Regtech?

Fintech refers to processes that allow an institution’s customers to perform financial activities without human intervention. Automation of all functions, such as money transfers, check depositing and withdrawing funds, loan application, setting up savings and investment accounts and all the other activities that used to require a visit to a street-level bank branch can now be conducted with handheld devices and computers without the customer ever having to move. Also, sophisticated terminals allow customers to deposit checks, draw off reports and submit documentation 24/7 without face-to-face contact with bank staff. The benefits of this are greater convenience for customers, reductions in the institution’s operating expenses, eliminating ‘brick-and-mortar’ locations, and improvements in security.

Regtech works in parallel with Fintech, controlling the regulatory aspects of the institution’s business. In order to operate an accredited financial institution (banks, EMIs and Fintechs), the enterprise has to conform to the relevant monitoring, reporting and compliance regulations. Oversight of operations by regulators requires transparency of the operations, consistency in reporting and standardized operating processes.


Regtech in banking is intended to achieve several goals, including:

  • Standardization of operations to ensure adherence to regulations
  • Digitization of compliance processes
  • Automation of reporting


Regtech compliance systems are designed to identify and address areas where the institution’s existing modes of operation are at risk of breaching regulations. At the same time, the best Regtech solutions will also promote far more efficient regulatory compliance and provide higher-quality outcomes at a lower cost.

Regtech compliance systems are software tools or platforms that use technology to automate and streamline regulatory compliance processes. These systems can help organizations ensure that they are meeting all relevant regulatory requirements and reduce the risk of regulatory violations.


Some examples of regtech compliance systems include:

  • Compliance management software: This type of software helps organizations manage and track their compliance obligations, such as regulatory filings or internal audits. It may also provide alerts and notifications when deadlines or other compliance-related events are approaching.
  • Risk assessment tools: These tools use data analytics and machine learning to identify and assess potential compliance risks within an organization. This can help organizations identify areas where they may be at risk of violating regulations, and take steps to mitigate those risks.
  • Fraud detection and prevention tools: These tools use machine learning and other advanced techniques to detect potential fraud or other types of regulatory violations, such as money laundering. This can help organizations identify and address potential compliance issues before they become serious problems.


Overall, regtech compliance systems can help organizations improve their compliance processes, reduce the risk of regulatory violations, and save time and resources.

Regtech technology provides cost savings both to regulators and to financial institutions. Another significant benefit for financial institutions is that proper conformance to regulations can help avoid fines and penalties in case anything goes wrong.


One of the drivers of Regtech was the aftermath of the 2008 financial crisis, which saw  US$200 billion levied against banks that were at fault for non-compliance. Faced with the expenses for individual institutions in designing and developing their own systems, there has been an explosion in demand for universal applications from third-party actors offering the development of Regtech applications.

As well, there have been significant changes in the types of transactions that have to be reported to regulatory authorities. This represents a significant driver for the automation of the whole compliance and monitoring processes.


How does Regtech work?

Regtech is a broad term that describes many different aspects of how financial institutions can improve their regulatory compliance. There are five main areas of activity, although the borders are not rigid, and some overlap considerably.

The areas are:

  • Transaction monitoring and auditing. Sometimes leveraging the controls provided by blockchain technology and cryptocurrencies based on distributed ledgers in the blockchain Regtech ecosystem.
  • Identity management. Most relevant are due diligence, KYC (know your customer), AML (anti-money laundering companies) and anti-fraud detection  and screening procedures.
  • Risk management. Focuses on regulatory compliance and detection of risks, assessment of risk exposure and anticipation of future threats
    Regulatory reporting.
  • Automated real-time regulatory reporting and cloud data distribution and reporting with Ai and big data analytics
    Compliance. Tracking the state of compliance with existing upcoming regulations Real-time monitoring


What Regtech means?

RegTech is a methodology supplied by software applications for regulatory technology. It is used for managing regulatory compliance. Financial companies use Regtech to achieve efficiency, save time and money


What is the importance of Regtech?

Regtech can help reduce the cost and time of meeting regulatory compliance obligations for financial organizations. Over the coming years, there will be more regulations to oversee data, reporting and operation processes in the financial services sector. Financial institutions in different jurisdictions must comply with different regulatory requirements. Regtech helps them to deal efficiently with the new regulatory and compliance demand.


Crypto industry and regulation

As the crypto industry faces increasing regulatory scrutiny, regtech solutions are becoming increasingly important.

Regtech solutions for the cryptocurrency industry include identity verification tools, anti-money laundering (AML) and know-your-customer (KYC) compliance, transaction monitoring, and reporting tools. These tools can assist crypto companies in maintaining regulatory compliance and avoiding fines.

Regtech solutions can also help regulators monitor the cryptocurrency industry more effectively. By employing data analytics and machine learning, regulators can detect suspicious activities and potential threats to financial stability with greater efficiency.

Overall, the use of regtech in the cryptocurrency industry can improve compliance and reduce risk, which is advantageous for both crypto companies and regulators.


What is the difference between Fintech and Regtech?

Both Regtech and Fintech are systems designed to automate processes inside a financial institution’s operations. Regtech helps them adhere to regulatory standards issued by the authorities. Fintech automates processes within the institution’s regular operations, like customer interface, funds movements, and reporting.


What technologies do Regtech solutions use?

Regtech uses many sophisticated technologies including AI based on big data and machine learning, cloud computing, and blockchain, including the blockchain Regtech ecosystem. These ensure that enterprises are more efficient in achieving regulatory compliance. Regtech minimizes the risk of human error, and the costs of human activity by fully automating the processes.





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