Made with FlowPaper - Flipbook Maker
RegTech Edition SOLUTION PROVIDERS 2022 TOP REGTECH Aug 2022 AI-DRIVEN FRAUD AND AML RISK DETECTION Charles Delingpole, Founder & CEO RegScale Anil Karmel, Co-Founder & CEO GOVERNANCE, RISK AND COMPLIANCE…IN REAL TIME COMPANY OF THE YEARGet Cyber-Compliant Faster Start Your Pentest Evolve Security’s Real-Time Pentest Platform Collaboration | Communication | Remediation Darwin AttackNicholas Wilson Monica PhilipLeona George Sandy Philip Christopher MarkusAlex George James WilliamsAndrew Sebastian editor@grcoutlook.com Michael Robert Edward JohnDave Walker Sujay Kodoor Scott Morson Vishnu Santhosh Natasha Jacob At GRC Outlook Magazine, a team of industry veterans, editors, and cybersecurity specialists are on a constant quest to portray the best and the most innovative security solutions available in the industry so that you don’t’ have to take the trouble of finding the finest technology partner. In addition, our print and digital magazine provide CIO's and CISO's viewpoints on the latest security and compliance trends that are existing in the industry. Letters and Insights At GRC Outlook, we always look forward for your valuable feedbacks, comments and insights that could help us build better stories and enhance our reader’s experience. Please send your insights and comments to the editor to our office address or email. Advertising As a publisher, ads are the fuel that drive our customer’s growth. Let the world know your brand better with our customized advertising plans. Take advantage of our huge readership that includes CEOs, CTOs, and top-level business executives. For more information, drop an email to sales@grcoutlook.com. Publishing and Reprints We provide customized reprints and copies of articles as per your requirements. Get in touch with our team for a copy of the magazine or your article separately. Copyrights and Purchase All rights reserved. No portion of this magazine may be reproduced in any form, physically or electronically, without prior permission from the publisher, except as permitted by U.S. copyright law. For permissions contact: ICON Media Inc. 30 N Gould St Ste R Sheridan, WY 82801 (646) 396 6545 Richard Taylor Jennifer LetaLowrence Tse Benny DavisSam Morris benny@grcoutlook.com sales@grcoutlook.com Copyright © ICON Media Inc. 2022 Subscribe @ Visualizers Printing and Circulation Graphic Designers Editorial staffs Creative Team Managing Editor Editor-in-Chief SalesAs we are all aware, the RegTech industry, since its introduction, has promised not only to cut the cost of compliance processes but also to improve effectiveness to make them quicker and more reliable. Moreover, advanced RegTech solutions could be reducing hassle for customers, and lessen the risk of costly compliance failures. With the advancement of technology, the potential of RegTech extends beyond making compliance more efficient. The data and analytic techniques that satisfy regulators’ demands can also deliver commercially valuable insights about customers and markets. AI and predictive analytics-enabled regulatory technology solutions could seamlessly simplify the way RegTech works as well as provide predictive insights to help organizations work futuristic. Especially for the financial industry, where regulations are countless, RegTech is redefining its future. Moreover, some of the latest digitization technologies are completely changing the way risk management and regulatory compliance requirements are addressed. At this juncture, to help our readers get a better view of the regulatory technology space as well as to help understand the various trends around the industry, we’ve developed this special edition on RegTech Solution Providers. We’ve included some of the most cutting- edge solution providers as well as insights from industry veterans and RegTech experts. We hope this edition adds value to your RegTech initiatives. Voice of the Editor Natasha Jacob Editor-in-Chief REGTECH: IS IT REALLY KEEPING THE PROMISE?Automated Business Account Opening for Financial Institutions DOCFOX Ryan Canin CEO 22 28 SOLUTION PROVIDERS 2022 TOP REGTECH Governance, Risk and Compliance…in real time REGSCALE COMPANY OF THE YEAR 16 Anil Karmel, Co-Founder & CEO AI-DRIVEN FRAUD AND AML RISK DETECTION Charles Delingpole, Founder & CEO30 36 40 MEASURING SUSTAINABILITY: THE GROUNDWORK FOR GROWTH THE DIGITAL “WILD WILD WEST” REGULATING CRYPTOCURRENCY AND THE DARK WEB GAINING SECURITY VIA COMPLIANCE HOW TO BUILD ENTERPRISE CYBER MATURITY ON A FRAMEWORK FOUNDATION DECENTRALIZED SOLUTIONS RISE TO THE REGTECH CHALLENGE ARE YOU READY TOP 5 RECENT & IMPENDING REGULATIONS IMPACTING PRIVACY & CYBERSECURITY TEAMS Rebecca Harding, CEO, Coriolis Technologies Melissa Maranville, Forensic Consulting and Training for Criminal Justice Profes- sionals, DeVille and Associates LLC Vinay Gandhi, MBA, CISM, CRISC, CCSK, CISA, Director Strategy, Privacy & Risk, Coalfire Samantha Joule Fow, Former CMO, Udexx Technology Matt Hartley, Co-Founder & CPO, BreachRx 24 18 Adding Impactful Intelligence to Compliance Solutions RED OAK COMPLIANCE Stephen Pope, Co-Founder & CEO Building the Future of Regulatory Technology KNOW YOUR CUSTOMER Claus Christensen Co-Founder & CEO 32 Bridging the gap: Next generation blockchain analytics ELLIPTIC Tom Robinson, Chief Scientist 38SOLUTION PROVIDERS 2022 TOP REGTECH T hough sanctions are frequently criticized, they are still widely being used, especially under this critical war scenario and unrest going around the world. Moreover, economic sanctions are increasingly being used while they turn out to be little more than expressions. The role of the most relevant and right database can never be ignored, that facilitates smoother operations in sanctioning. This is where ComplyAdvantage, the leader in AI-driven fraud and AML risk detection solutions is creating a difference. Realizing the fact that businesses need real-time financial crime insight to put them in control, ComplyAdvantage is a dedicated company that enables organizations to understand the real risk of their partnering companies and vendors, through the world's only global, real-time risk database of people and companies. As a risk detection company, ComplyAdvantage actively identifies tens of thousands of risk events from millions of structured and unstructured data points - every single day. In a nutshell, ComplyAdvantage acts as a system that supports both business goals and compliance obligations. “We are the only global AI-driven RegTech source of high-risk entities and profiles. We help all our client companies detect and prevent money laundering, sanctions, evasion, and other associated risks,” points out Charles Delingpole, Founder, and CEO, ComplyAdvantage.COVER STORY DRIVEN FRAUD AND AML RISK DETECTION Charles Delingpole, Founder & CEONext >