The annual top 100 most innovative RegTech companies worldwide have been announced, and Hyarchis is in it! “Every financial institution should be aware of the companies on this list as they consider and develop their mission-critical, digital transformation strategies,” said organizers FINTECH global & REGTECH analyst.
The financial sector is burdened by increasing regulatory pressure. Laws and regulations are constantly changing to keep the financial system, nationally and internationally, functioning optimally. Banks, in particular, struggle to comply, partly because this involves an enormous time and money.
RegTech, also known as Regulatory Technology, is the solution to this problem. It helps financial service providers reduce their workload to use their employees effectively. In addition, these tools provide an automated way of working that fully supports business operations.
This nomination is important for Hyarchis. As an internationally successful fintech, we provide companies with regulatory compliance solutions. Thanks to placement on this list, we have the opportunity to highlight common compliance issues in finance and put our solutions in the spotlight.
