Fraudulent activity helps the RegTech market

0

RegTech Market Report 2021 – Implications and Growth of COVID-19

The Business Research Company Global RegTech Market Report 2021 – Implications and Growth of COVID-19

LONDON, GREATER LONDON, UK, Nov 9, 2021 /EINPresswire.com/ – The growing number of fraudulent activities such as money laundering in the financial sector is expected to propel the growth of the RegTech market during the period of forecast. Fraudulent activity such as money laundering has increased and as a result financial organizations need a more powerful RegTech framework that can help risk management and compliance teams successfully manage the deluge of regulatory compliance. ever increasing and progressively sophisticated violations. For example, in 2019, IBM’s cognitive fraud prevention solution was designed to help anti-fraud groups quickly identify and adapt to emerging payment fraud threats. That same year, IBM was voted Financial Crime Product of the Year, endorsing its cognitive approach to real-time fraud prevention. Thus, the increasing number of fraudulent activities increases the demand for the RegTech market.

The global RegTech market size is expected to grow from $ 6.26 billion in 2020 to $ 7.90 billion in 2021 at a compound annual growth rate (CAGR) of 26.2%. The change in growth trend of the RegTech market is mainly due to the fact that companies are stabilizing their production after meeting the demand which increased exponentially during the COVID-19 pandemic in 2020. The RegTech market is expected to reach 18.89 billion dollars in 2025 at a CAGR of 24.4%.

Learn more about the Global RegTech Market report:
https://www.thebusinessresearchcompany.com/report/regtech-global-market-report

In September 2019, Broadridge, a US-based company that provides technology solutions, investor communications, data and analytics to the financial services industry, acquired FundsLibrary for an undisclosed amount. The acquisition of Broadridge would allow it to accelerate its pan-European regulatory communications and digital data platform, which would support the life cycle of fund data, documents and regulatory reporting in the investment industry. FundsLibrary is a UK-based digital platform for the asset management industry that supports regulatory reporting, paperwork and the fund data lifecycle.

The main players covered in the global regtech market are Abside RegTech, Accuity, ACTICO, Acuant Inc, Ascent Technologies Inc., BearingPoint Software Solutions GmbH, Broadridge Financial Solutions Inc, BWise Beheer BV, Compliance Solutions Strategies, Sysnet Global Solutions, Trulioo, ComplyAdvantage, Fenergo, IBM Corporation, Infrasoft Technologies, Jumio, London Stock Exchange Group plc, MetricStream Inc., NICE Actimize, RIMES Technologies Corporation and VERMEG.

The global TBRC regtech market report is segmented by component into solutions, services, by type of cloud deployment, on-premises, by organization size in large enterprises, small and medium enterprises (SMEs), by application in risk and compliance management, identity management, regulatory reporting, fight against money laundering (AML) and fraud management, regulatory watch, by end user in banks, insurance companies, financial technology companies, computer and telecommunications, public sector, energy and utilities, others.

RegTech Global Market Report 2021 – By component (solutions, services), by type of deployment (cloud, on-premise), by organization size (large enterprises, small and medium enterprises (SMEs)), by application (risk management and of compliance, identity management, regulatory reporting, anti-money laundering (AML) and fraud management, regulatory watch), by end user (banks, insurance companies, financial technology companies, IT and telecommunications, public sector, energy and utilities), implications of COVID-19 And Growth is part of a series of new reports from The Business Research Company that provides regtech market insight, size and growth forecast global regtech market for overall market, regtech market segments and geographies, regtech market trends, regtech market drivers, restraints, revenue, l The profiles and market shares of the main competitors.

Request for Sample of Global RegTech Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5428&type=smp

Here is a list of similar reports from the Business Research Company:

Global Financial Services Market Report 2021 – By Type (Loans and Payments, Insurance, Insurance Reinsurance and Brokerage, Investments, Foreign Exchange Services), Impact and Recovery of COVID-19
https://www.thebusinessresearchcompany.com/report/financial-services-global-market-report-2020-30-covid-19-impact-and-recovery

Global Business Process as a Service (BPaaS) Market Report 2021 – By Process Type (HRM, Accounting & Finance, Sales & Marketing, Customer Service Support, Purchasing & Supply Chain, Operations), By End Users (banking, financial service and insurance (BFSI), Telecoms and IT, Manufacturing, E-commerce retail, Healthcare, Governments), by type of deployment service (SaaS, PaaS, IaaS), by flow (BPO, BPA, BPM ), impact and recovery of COVID-19
https://www.thebusinessresearchcompany.com/report/business-process-as-a-service-bpaas-global-market-report

Global Cloud Services Market Report 2021 – By Type (Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Business Process as a Service (BPaaS)), by end-user industry (BFSI, media and entertainment, IT and telecommunications, energy and utilities, government and public sector, retail and consumer goods, manufacturing), by application (storage, backup and Disaster Recovery, Application Development and Testing, Database Management, Business Analysis, Integration And Orchestration, Customer Relationship Management), By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Size organization (Large Enterprises, Small and Medium Enterprises), Impact And Recovery COVID-19 https://www.thebusinessresearchcompany.com / report / cloud-services-global-market-report

Want to learn more about The Business Research Company?

The Business Research Company is a market research and intelligence company that excels in business, market and consumer research. It has more than 200 research professionals in offices in India, the UK and the US, as well as a network of trained researchers around the world. It has consultants who specialize in a wide range of industries including manufacturing, healthcare, financial services and technology.

Learn more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Or get a quick overview of our services here: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

The commercial research company
Email: [email protected]
Follow us on LinkedIn: https://bit.ly/3b7850r
Follow us on Twitter: https://bit.ly/3b1rmjS
Check out our blog: http://blog.tbrc.info/

Olivier Guirdham
The commercial research company
+44 20 7193 0708
[email protected]
Visit us on social networks:
Facebook
Twitter
LinkedIn



Source link

Leave A Reply

Your email address will not be published.