Clausematch, a global RegTech company automating policy management and regulatory compliance at financial institutions and other regulated organizations, has been recognized as the top RegTech company by BusinessCloud UK.
The award celebrates UK companies creating original technology for regulation, compliance and fraud detection.
“Our rankings celebrate technology innovators of all sizes, from early-stage businesses to established players,” said Jonathan Symcox, editor of BusinessCloud. “FinTech, InsurTech and RegTech are massively important in the UK’s technology landscape and narrowing the shortlists down to 50 businesses in each-with the help of our expert judges-is a challenge.”
BusinessCloud shortlisted 82 companies for potential inclusion on the list. Clausematch received both the most votes from the public and support from the panel of judges to top the 2022 list.
“It is no surprise to see Clausematch top the ranking with its platform for compliance management. Well done to Evgeny and the team,” said Symcox.
“It’s an honor to earn the respect from not only the judges but also our peers,” said Evgeny Likhoded, CEO and founder of Clausematch. “Thank you to BusinessCloud and the judges. We look forward to continuing our work to bring innovative solutions to this crucial area of the UK’s changing technological world.”
According to an analysis from the International Trade Administration, the UK fintech and regtech ecosystem is the largest in Europe, comprising over 1,600 firms as of mid-2022, with predictions of that number doubling by 2030. As there becomes increasing demand for complex regulatory reporting and risk management, companies like Clausematch are expected to see demand for their services to help provide compliance management and monitoring.
Clausematch’s technology helps companies achieve agile robust policy and procedure management, hitting efficiencies and improving the quality and standardization. To recall, Clausematch was named RegTech of the Year by the US Fintech Awards and was recently listed on AIFinTech100.