Muinmos Selected for Prestigious RegTech 100 List for Sixth Consecutive Year
Muinmos is one of just three RegTech firms worldwide to have been selected for the prestigious RegTech 100 list for the sixth consecutive year.
The 2023 list, announced today, reveals the heavy hitters transforming the regulatory technology sector. The list, now in its sixth year, comprises of the most pioneering businesses in regulatory technology, who create the most impact helping financial institutions deal with their pressing compliance and risk management challenges.
Prior to the onset of the Covid-19 pandemic, and even more so during it, the RegTech sector experienced explosive growth with the rise of hybrid work and increased use of digital channels. Whereas the pandemic begins to recede from view, regulatory technology is now the new standard, with the market set to grow by a compound annual growth rate of 19.8% by 2027.
With this considered, this year’s process to select the 100 most innovative RegTech companies included the widest and most diverse range of enterprises yet. A panel of analysts and industry experts reviewed a longlist of nearly 1,300 businesses, which was produced by RegTech Analyst. They sought to highlight the solutions every leader in financial services needs to know about in 2023.
RegTech Analyst Director of Research, Mariyan Dimitrov said, “With the rapid changes in regulatory frameworks, working habits and customer expectations, compliance and regulatory technology continue to be a growing area of investment for financial institutions as they streamline their operations. The RegTech100 list helps senior executives get a better ROI on that spending by highlighting the leading companies in areas such as onboarding, risk management, fraud prevention and information security.”
Muinmos was selected as the only RegTech solution on the global market to provide complete automation of the entire onboarding process. Its award-winning, AI powered platform onboards any client – retail, professional or institutional – globally within 3 minutes. The SaaS product automatically and instantly performs all parts of the onboarding chain, from Client Categorisation and Suitability & Appropriateness, through all types of KYC/AML checks via built-in connectivity to multiple data-sources, to comprehensive client risk assessments. The platform also performs constant monitoring, keeping up-to-date with changes both in regulation, clients’ details and risk profiles.
Remonda Kirketerp-Møller, Founder and CEO, Muinmos comments, “To be just one of three companies to have been selected for the RegTech 100 for the sixth consecutive year is a testament to Muinmos’ focus on continual product development. It reinforces our position as a RegTech pioneer and industry leader. Our focus from the outset has been on empowering financial institutions to onboard more clients, faster, at lower costs – without compromising on customer experience or compliance. We are thrilled that, in an increasingly competitive landscape, Muinmos continues to stand out for our world-class onboarding solution.”
A full list of the RegTech100 and detailed information about each company is available to download for free at www.RegTech100.com.