Acin, the leading risk and control data standards company, today announced that it has been selected for the 2020 RegTech100 list, an exclusive directory of the world’s leading Regulatory Technology (RegTech) companies. This is Acin’s second consecutive appearance.
Acin’s inclusion on the RegTech100 list is owing to its ground-breaking work in non-financial risk (NFR) management. Acin enables financial institutions to unlock the value of their own and the industry’s data to better manage their risk and control processes and, crucially, evidence compliance.
Paul Ford, CEO of Acin, said: “The web of non-financial risk has become increasingly complex, with organisations struggling to tackle new risks, unmanageable controls and reduced ability to demonstrate to regulators that they are ‘in control’. Our selection is recognition of our innovative solution that is enabling institutions to effectively monitor, manage and mitigate their non-financial risk. By facilitating collaboration in the industry, we’re helping to drive positive change.”
Acin is solving the NFR challenge through a standardised, industry-wide Risk & Control Library and a first-of-its-kind Networked Defence Model that enables members to share data and knowledge of emerging risks. This year, Credit Suisse, Standard Chartered Bank and Société Générale publicly signed up to Acin, joining a client base of global tier-one banks that is now fourteen strong.
A panel of analysts and industry experts selected the top 100 RegTech companies that are transforming compliance, risk management and cybersecurity from a list of over 1000 nominees from 25 countries across the world. The companies selected in this year’s RegTech100 have been recognised for their innovative use of technology to generate efficiencies and improve performance across the compliance function within financial institutions.