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RegTech Market Trends

  • Report ID: GMI9136
  • Published Date: Apr 2024
  • Report Format: PDF

RegTech Market Trends

AI-powered regtech solutions are driving growth in the RegTech industry by offering advanced capabilities to streamline compliance processes. These solutions leverage artificial intelligence to automate tasks, enhance risk detection, and improve efficiency in regulatory compliance. For instance, in February 2024, NAPIER AI secured USD 56 million in funding from Crestline Investors to support ongoing expansion in AI-driven financial crime compliance. Napier unveiled the investment from Crestline Investors, an alternative asset manager based in the U.S., to further propel its growth momentum, underscoring the transformative period in the industry for KYC and AML solutions.

With the growing importance of data privacy and cybersecurity regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), there has been an increased focus on developing RegTech solutions specifically tailored to address these compliance requirements. These solutions help organizations manage data protection, consent management, breach notification, and other critical aspects of data privacy and cybersecurity, mitigating risks and ensuring regulatory compliance. This trend presents a significant growth opportunity for RegTech providers in this domain.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of RegTech reached USD 9.3 billion in 2023 and will grow at over 18% CAGR between 2024 and 2032, led by the surge in extension funding rounds for RegTech startups.

The solution component segment will cross USD 29.5 billion by 2032, driven by the increasing demand for operational efficiency.

North America RegTech industry held a revenue share of over 33% in 2023, driven by increasing compliance costs and a strong focus on technological advancements.

Broadridge Financial Solutions, NICE Actimize, Accuity, Fenergo, Trulioo, Infrasoft Technologies, Jumio , IBM, and Deloitte among others.

RegTech Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 260
  • Countries covered: 24
  • Pages: 220
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