TRAPETS LANDS A SPOT AS ONE OF THE TOP 100 MOST INNOVATIVE REGTECH COMPANIES GLOBALLY
The RegTech100 list recognises the world’s most innovative technology solution providers that offer products and services in the areas of compliance, risk management, information security and financial crime. Over 1200 companies have been assessed during the selection process and Trapets is humble and honoured to have secured a spot amongst the top 100.
This award comes at a time when demand for effective regulatory technology is growing exponentially, with the RegTech industry expected to surpass $130bn by 2025. “Banks and other financial institutions are investing heavily into AI capabilities to automate highly manual regulatory tasks, support digital onboarding processes and monitor for fraudulent activity”, Said Mariyan Dimitrov – Director of Research at FinTech Global.
“For Trapets, to receive this recognition is an acknowledgement of the great work our teams are doing, and equally it is a sign that through our Platform ‘InstantWatch’ we continue to deliver innovative and unique solutions with the aim of helping our customers fight financial crime”, said Gabriella Bussien - Head of Sales and Marketing at Trapets.
For financial institutions, the regulatory landscape is becoming increasingly complex to navigate, which in addition to multifaceted processes and systems can result in a high degree of uncertainty when it comes to remaining compliant. “We see this trend from large banks and financial institutions, to newly started FinTech, and the multitude of industries and companies who have a responsibility to onboard clients, know their customer or monitor and report suspicious transactions”, continued Gabriella Bussien.
InstantWatch is a SaaS platform used by customers around the globe to help their business detect, prevent and report financial crime activities, such as: money laundering, terrorist financing, fraud and various forms of market manipulation, including insider trading. The most recent InstantWatch module allows users to streamline and automate their client onboarding and ongoing due diligence processes.
Trapets are committed to the continuous improvement of solutions for their customers, with several new updates and products due to launch in 2022, including the launch of FCS-AML Transaction Monitoring as a Managed Service, for companies who wish to outsource this complex and time-consuming task.
A full list of the RegTech100 for 2022 and detailed information about each company is available to download for free at www.RegTech100.com.
About Trapets
Trapets AB is one of Europe’s leading SaaS providers of AML, KYC, CDD and Trading Surveillance solutions and technology via their complete compliance platform - InstantWatch. The company is a market leader in Northern Europe and provides compliance solutions for financial and regulated businesses. In addition to their all-in-one compliance platform, Trapets offer a fully outsourced trade surveillance service.
For press enquiries, please contact:
nathaniel.beaumont@trapets.com
For business enquiries, please contact:
sales@trapets.com
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