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4 RegTech companies reducing compliance burden in Germany

By Gloria Methri

January 25, 2023

  • 4Stop
  • Anti-Fraud Solutions
  • CleverSoft

RegTech, Germany, Financial institutions, compliance, regulatoryRegTech is a Regulatory Technology that enables businesses to comply with and manage regulatory processes in the financial industry.

The applications of RegTechs in banking and financial services institutions can be mainly classified into regulatory compliance, financial crime, KYC and identity management, and risk management.

With the increase in the amount of data availability, new start-ups are coming along with RegTech solutions, helping businesses to comply with their regulatory burdens in a cost-effective manner.

Here are 4 RegTech companies helping in reducing the compliance burden in Germany:

The cleversoft group is one of the leading providers of cloud-based RegTech services for financial service providers. Headquartered in Munich, cleversoft delivers digital solutions and services to more than 1,000 financial institutions worldwide. It optimises compliance-related business processes, from data management to the calculation of regulatory data and the production of required documents and reports.

HAWK:AI fights financial crime by focusing on the transaction and consumer monitoring in real time. It brings together the best data sources and recommends operator actions with a self-learning system in a cost-efficient cloud delivery model.

A Jumio Company, 4Stop is a data and risk marketplace with a data hub of over 650 data sources for KYB, KYC, compliance, and payment authentication paired with anti-fraud products. The RegTech firm’s products are customisable with end-to-end flows or a pick-n-choose model from one API, cloud platform, or white-label experience.

DataGuard is a Compliance software company focused on Data Privacy and Information Security. It enables over 3,000 SMBs and Corporate customers to automate and operationalize Privacy, InfoSec, and Compliance with ease. Its end-to-end SaaS solution helps reduce the time and money companies spend complying with regulatory frameworks.

Also read: Risk Management Systems and Suppliers Report Q2 2024

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