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Global RegTech Buyer's Guide 2021: Open APIs Are a Key Strategic Differentiator for Banks -

·4-min read

The "Global RegTech Buyer's Guide 2021" report has been added to's offering.

RegTech (regulatory technology) is a mission-critical priority for all financial institutions. Leaders of banks and other financial organisations are exposed to huge regulatory and commercial pressures to improve, and in many cases to transform, the performance and cost-effectiveness of their compliance and risk management processes and to fortify their data security systems.

To address these challenges, senior decision-makers need insightful information and a range of expert opinions on the RegTech ecosystem. The Global RegTech Buyer's Guide is designed to meet this need by providing an in-depth, independent review of the most effective and most promising RegTech solutions available in the market in 2021.

The Guide highlights the main issues and challenges that are faced by financial services organisations and identifies the key areas to consider in order to determine which solutions to adopt and which suppliers to engage with as potential partners. It has been created in response to feedback from our global network of financial institutions who subscribe to the Global and RegTech Analyst databases and/or attend the Global RegTech Summit.

The Guide acts as a tool to navigate the range of technologies and suppliers in the RegTech market.

About this Guide

  • The insights, case studies and company profiles included in this document can help RegTech buyers ensure their due diligence and vendor engagement processes are exhaustive, well-structured and minimise reputational and non-compliance risks.

  • The audience for this Guide predominantly comprises senior managers in compliance, regulation, technology, operations or innovation who are responsible for vendor selection at financial institutions. The Guide informs their selection procedures by leveraging practical applications, information and insights from industry leaders, company founders and technology innovators, all of whom have deal-making or implementation experience in financial services.

  • As well as containing proprietary information that is not available elsewhere, this Guide provides an invaluable independent perspective, which may act as an essential counter-balance to reports that give only a partial view of the industry, such as those produced by some consultants or advisors who have commercial interests in promoting preferred vendors, and those produced by marketing agencies and media companies that promote their sponsors. It ensures that senior decision-makers get the whole picture and are thereby equipped to make better business decisions.

Key Topics Covered:


  • The technologies you need to understand before buying a RegTech solution

  • Break-through innovations in the financial sector

  • Everything you need to know before buying a digital identity verification solution

  • Should financial institutions buy, build or partner with a RegTech company

  • Anti-money laundering software: what you need to know before investing

  • Why should financial services firms collaborate with RegTechs?

  • Key things to look for when you are buying a risk management solution

  • Enhancing Trust while adopting Artificial Intelligence

  • Open APIs are a key strategic differentiator for banks - the things to look for in an open API platform

  • Should you go with one big RegTech vendor or several small ones?

  • How can financial institutions and RegTech companies reduce lengthy sales and PoC timeframes?

  • Key things to look for when you are buying a KYC solution

  • Balancing Collaboration Security and Privacy in the Remote Work World

  • What are the risks of trying to meet compliance standards without technology?

  • Critical issues that need to be addressed when engaging a RegTech provider

  • How to screen and engage with RegTech startups

  • Key things to look for when you are buying an AML solution

  • How has COVID-19 changed the RegTech buying experience?

  • Why you need to talk to RegTech Associations

  • Setting the price: how to determine your budget to spend on a RegTech service


  • Arctic Intelligence

  • Cognitive View

  • Compliance Solutions Strategies (CSS)

  • Electronic Identification

  • IDmission

  • KYC Portal

  • Muinmos

  • Ozone API

  • Palturai

  • Red Oak Compliance

  • Sigma Ratings

  • SteelEye

  • TAINA Technology

  • Theta Lake

  • Think Evolve Solve

  • Tookitaki

  • Trulioo


  • Onboarding

  • Identification/Background Checks

  • Risk Management

  • Compliance Management

  • Transaction Monitoring

  • Communications Monitoring

  • Cybersecurity/Data Security

  • Reporting

  • Financial Crime/Fraud Prevention

Companies Mentioned

  • Actico

  • Apiax

  • Arctic Intelligence

  • Armadillo Group

  • Ascent

  • BBVA

  • BearingPoint

  • BigID

  • Bureau van Dijk

  • Canadian RegTech Association

  • Capnovum

  • Castlepoint

  • Cognitive View

  • Compliance Solutions Strategies (CSS)


  • Danske Bank

  • DF2020

  • Electronic Identification

  • Enveil

  • Eventus Systems

  • Fourthline

  • Ideagen

  • IDmission

  • Illuminate Financial

  • KYC Global

  • KYC Portal

  • MAP Fintech

  • Miller Thomson

  • Muinmos

  • Napier

  • Nordic RegTech Association

  • OneTrust

  • Ozone API

  • Palturai

  • Point Nine

  • Quantexa

  • Red Oak Compliance

  • RegCentric

  • RegTech Association

  • RegTech Berlin

  • Relativity


  • Sigma Ratings

  • Sphonic

  • SteelEye

  • TAINA Technologies

  • The Technancial Company

  • Theta Lake

  • Think Evolve Solve

  • Tookitaki

  • Trulioo

  • Veratad

  • Vizor

  • Wolters Kluwer

  • Worksmart

For more information about this report visit

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Laura Wood, Senior Press Manager

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