StarCompliance named RegTech100 company for 2021

StarCompliance, the leading provider of advanced, user-friendly regulatory compliance software for financial institutions, announced that it has been named a RegTech100 company for 2021 by RegTech Analyst, the specialist research firm. 

StarCompliance develops configurable compliance software for the financial services industry, and supports a global client base across more than 83 countries. Star's employee conflicts of interest monitoring platform is scalable and easy-to-use for employees at all levels of an organization—compliance professionals, employee supervisors, and end users—and helps firms reduce risk, gain efficiencies, and drive compliance program adoption. 

The regtech (regulatory technology) industry has experienced enormous growth in the last few years, as banks and financial institutions grapple with the unrelenting pace of regulatory change across all jurisdictions. Over $5bn has been invested in regtech companies so far in 2020, according to data published by RegTech Analyst, as compliance challenges have only increased due to the shift to remote work during COVID-19. As a result, this year's process to identify the top 100 regtech innovation leaders was more competitive than ever.

"It's great to be recognized for doing what we're passionate about," said Jennifer Sun, CEO of StarCompliance. "Our vision is clear: we are reputation guardians on a mission to make compliance simple and easy for our clients. We're proud to be named one of the world's most innovative regtech companies, and are honored to have made the RegTech 100 list for 2021."

Mariyan Dimitrov, Director of Research at RegTech Analyst commented on 2021's RegTech100: "Banks and other financial institutions need to be aware of the latest regtech innovation in the market: to avoid emerging compliance risks and stay competitive despite new regulations around customer onboarding and remote communications post COVID-19. The RegTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as identity verification, risk management, communications monitoring, information security and reporting."