Becoming a RegTech100 Company
Last week we got the exciting news that Pliance had been selected as a RegTech100 company to watch in 2020. The list is compiled each year to highlight tech companies in the regulatory field, giving financial institutions a chance to see what innovative companies in the field are providing.
We're honoured that the Advisory Board felt we met the criteria for the list:
- Impact on the problem being solved;
- Growth, in terms of capital raised, revenue, customer traction;
- The 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 financial institutions to know about the company.
Behind the list are market analysis firms FinTech Global and RegTech Analyst.
What it means for us
While the recognition of our work is flattering, it's also an indication that the products we are building are important and offer value. Compliance has long been a neglected part of many businesses. As the risk of financial crime increases so does requirements from financial supervisory authorities to have better compliance processes in place.
More focus will be put on making efficient, integrated, and automated processes so that businesses can focus on financial crime prevention and more focus on their core business. And that's where products such as ours come in and make a difference.
What happens now
We're still committed to offering powerful, but simple to use products to automated anti-money laundering processes. There is much to in this area and our work is far from done. But already today we offer great value to our customers who have chosen to think differently, and of integrating services and automating their processes.
If you're working in an area that could benefit from having more efficient compliance processes, reach out to us for a conversation. Email me to schedule a call.
About the author
Siam is the co-founder and CEO of Pliance, and an experienced product leader with 8+ years of product and sales experience with a background in Facebook, Acast and FundedByMe.