Tag: RegTech

Waymark Tech Named on the Prominent RegTech100 List for the Third Year Running

Waymark Tech, a UK based RegTech and SupTech firm that provides global regulatory insight and analytics to both the private and public sectors, has once again been named in the RegTech100 for 2020. This is RegTech100’s third annual top 100 list in which a panel of analysts and industry experts vote to identify the world’s most innovative regulatory technology companies. Only 21 companies have been named on the list in all three years and Waymark Tech is proud to be one of them. “More than 1,000 companies were identified from within the sector by RegTech Analyst this year, so with more competition than ever, to be named in the top 100 again is excellent and a huge honour,” said Mark Holmes, Founder and CEO of Waymark Tech.

The list identifies the world’s most innovative providers of solutions that address challenges and regulatory issues facing businesses within the financial services sector. Finalists are recognised for their innovative use of technology to solve a significant industry problem, or to generate cost savings, or efficiency improvements across the compliance function. “As a team we have worked meticulously to ensure our offering meets the ever-growing needs of our clients and to make the list for the third year running is testament to the team’s dedication and the success of our technology,” said Mark.

“Even though 51% of RegTech100 companies are based within the UK or US, the spread of RegTech innovation has seen companies from another 23 countries make the list,” said Mariyan Dimitrov, head of research at RegTech Analyst. “Employing RegTech solutions to modernise the compliance function is now mission-critical for financial institutions globally.” Furthermore, the list aims to assist senior management and compliance staff to assess the solutions that have the highest market potential to succeed, those that have a considerable impact on the regulatory technology industry, and those that are providing the most pioneering solutions.

A technology company at heart, Waymark utilises Artificial Intelligence (AI), specifically Natural Language Processing (NLP), to automatically deliver tailored and actionable regulatory content to its end users. This benefits the end user, typically compliance departments, professional service firms and government agencies, in three key ways:

  • Effort to conduct manual monitoring of data sources is reduced from man days to man hours
  • Reassurance that nothing gets missed and work is prioritised and tracked to completion
  • Provides Audit Trail to discharge obligation of NED or senior manager.

Why now is the time to embrace RegTech

Regulators are asking some tough questions, but RegTech can help financial services firms find the answers if they are willing to embrace new technology.

Banks and financial institutions face a challenging landscape. In a post-financial crash world, they are coming under intense regulatory scrutiny, but at the same time, they face a market which is becoming ever-more complicated and challenging. However, innovative RegTech could be the solution to their angst.

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Financial Services Regulation: What to Expect in 2018

It’s a busy, demanding and unpredictable year ahead in the world of financial services regulation.

Happy New Year!

Now, buckle up because 2018 is likely to be a regulatory minefield.  New technologies, new rules and a fresh landscape all have the potential to create enormous problems. Some companies are better set up than others.

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The RegTech Revolution: Helping Conduct, Culture and Compliance

“The RegTech Revolution” was a webinar held for Digital Leaders Week 2017.

Jane Walshe of Enforcd was joined by Mathias Wegmueller, Co-founder and Head of Business Development, Qumram, and Wendy Jephson, Co-Founder & Chief Behavioral Scientist at Sybenetix to discuss what RegTech can do, and also possible pitfalls to be avoided in its use.

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