Regtech: Market Forecasts, Trends & Strategies 2023-2028: Full Research Suite

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $5,502	106 Pages	Juniper Research	December, 2023	JNRH19878059

Best Price Guarantee
Price	from $5,502
Length	106 Pages
Publisher	Juniper Research
Published Date	December, 2023
SKU	JNRH19878059

Our new Regtech report provides in-depth analysis and evaluation of how next‑generation regulatory technology such as AI and blockchain are being developed into solutions that help industry leaders reach their regulatory compliance requirements; delivering critical insights on how regtech will grow over the forecast period, key vendors that are driving the evolution of the regulatory landscape and the future prospects for these companies in the regtech landscape. It provides an evaluation of the development of regtech across 60 different key countries of interest. The study also contains the Juniper Research Competitor Leaderboard; positioning 23 key vendors from regtech including vendors specialising in areas such as regulatory compliance, identity management, risk management, transaction monitoring and more.

The research delivers incisive analysis of the regtech market landscape, looking at the past and future of regtech alongside the current regulatory framework in 6 regions; featuring key pain points for the digital onboarding processes, an assessment on leading technologies such as AI and blockchain, and the key opportunities for vendors to seize. Furthermore, the research includes a segment analysis on 8 key industries in which regtech has managed to position itself successfully: finance, gaming, cybersecurity, retail, cryptocurrency, healthcare, government and insurance & wealth. Finally, the study also features a comprehensive forecast suite; encompassing regtech market growth and digital onboarding across two key segments:

Banking Onboarding
Property Onboarding
Key Features
Market Dynamics: Insights into key trends and market expansion challenges within the development of regtech technological infrastructure. Assessment of how advanced technology such as machine learning and blockchain are being developed into solutions that help the financial industry achieve anti-money laundering regulations and combat fraudulent activities. Insight on the different digital onboarding methods and an assessment of their approaches.
Key Takeaways & Strategic Recommendations: Key opportunities for vendors highlighted across the regtech market landscape; making for an important read for key stakeholders.
Benchmark Industry Forecasts: 5-year forecasts for key metrics, including the total spend on regtech, as well as the number of new bank accounts opened using digital onboarding and the total time and cost savings from KYC checks carried out using AI, split by banking and property onboarding. The data is also split by our 8 key forecast regions and 60 countries:
North America:
Canada, US
Latin America:
Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay
West Europe:
Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK
Central & East Europe:
Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine
Far East & China:
China, Hong Kong, Japan, South Korea
Indian Subcontinent:
Bangladesh, India, Nepal, Pakistan
Rest of Asia Pacific:
Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam
Africa & Middle East:
Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates
Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 23 regtech vendors, via the Juniper Research Competitor Leaderboard, featuring the following vendors:
Ascent
Behavox
BigID
Chainalysis
ComplyAdvantage
CyberGRX
Drata
Elliptic
Encompass
Feedzai
Fenergo
Hummingbird
IDology
Jumio
Onfido
Quantexa
Sift
Socure
SymphonyAI Sensa
Tessian
Trulioo
Trunomi
Unit21

Please note: the online download version of this report is for a global site license.

1. Key Takeaways & Strategic Recommendations: 1.1 Key Takeaways; 1.2 Strategic Recommendations
2. Market Landscape: 2.1 Introduction; 2.1.1 The Past and Future of Regtech; 2.1.2 Challenges Faced by the Regtech Market; 2.2 Regulatory Framework; i. Dodd-Frank Wall Street Reform and Consumer Protection Act; ii. Basel III; iii. Solvency II; iv. MiFID II; v. PSD; vi. PATRIOT Act; vii. Overall Regulatory Frameworks; 2.2.2 Regulatory Requirements; i. AML & KYC; ii. Regulatory Reporting; iii. Risk Management; iv. Compliance/Behaviour Management; v. Transaction Management; vi. Fraud Prevention; 2.2.3 Country-level Regulatory Framework; i. US; ii. Canada; iii. UK; iv. Germany; v. China; vi. India
3. Digital Onboarding, Risk Management and Compliance: 3.1 Digital Onboarding, Compliance and Risk Management; 3.1.1 Know Your Customer; 3.1.2 Know Your Business; 3.1.3 Know your Data; Figure 3.1. Regtech Development; 3.1.4 Know Your Patient; 3.1.5 Age Verification; 3.1.6 Digital Onboarding techniques; Figure 3.2 Types of Digital Onboarding Techniques; i. Selfie Onboarding; ii. Knowledge-based Authentication; iii. Verification of Personal Details; iv. Verification Using Digital Identity Schemes; v. Subscriber & Device Identity; 3.2 Digital Onboarding Trends; 3.2.1 Geopolitical and economic impact; 3.2.2 ESG Compliance; 3.2.3 The Rise of Digital-only Banks; 3.2.4 The Increasing Importance of Continuous Verification; 3.2.5 Advantages of Digital Onboarding Use; 3.2.6 Challenges to Digital Onboarding Use; 3.3 Digital Onboarding: Future Outlook; 3.4 Regtech Technological Infrastructure; Figure 3.2 Regtech Technological Approaches; 3.4.1 Artificial Intelligence and Analytics; i. AI for Transaction Monitoring; ii. AI for Behaviour Monitoring; iii. AI for KYC/AML Checks; iv. AI as a Regulation Compliance Tool; v. AI for Email Security; vi. Approach Assessment; 3.4.2 Blockchain; i. Blockchain for KYC; ii. Blockchain for GRC (Governance, Risk, Compliance); iii. Approach Assessment; 3.4.3 Biometrics; i. Approach Assessment; 3.4.4 Chatbots; i. Approach Assessment; 3.4.5 Digital Identity; i. Approach Assessment; 3.4.6 Conclusions
4. Segment Analysis: Industry Applications for Regtech: 4.1 Segment Analysis – Industry applications for Regtech; 4.1.1 Finance; i. Opportunities; ii. Challenges; 4.1.2 Gaming; i. Opportunities:; ii. Challenges; 4.1.3 Cybersecurity; i. Opportunities; ii. Challenges; 4.1.4 Retail; i. Opportunities; ii. Challenges; 4.1.5 Cryptocurrency; i. Opportunities; ii. Challenges; 4.1.6 Healthcare; i. Opportunities; ii. Challenges; 4.1.7 Government and Border Control; i. Opportunities; ii. Challenges; 4.1.8 Insurance, Wealth and Asset Management; i. Opportunities; ii. Challenges
1. Juniper Research Competitor Leaderboard: 1.1 Why Read This Report; Table 1.1: Juniper Research Competitor Leaderboard – Regtech Vendors Included & Product Portfolio; Figure 1.2: Juniper Research Competitor Leaderboard – Regtech; Table 1.2: Juniper Research Leaderboard Regtech Vendors Positioning; Table 1.3: Juniper Research Competitor Leaderboard for Regtech Vendors – Heatmap; Table 1.4: Juniper Research Competitor Leaderboard for Regtech Vendors – Heatmap - Continued; 1.2 Vendor Profiles; 1.2.1 Ascent; i. Corporate; Table 1.5: Ascent’s Investment Rounds ($m), 2013-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.2 Behavox; i. Corporate; Table 1.6: Behavox’s Investment Rounds ($m), 2014-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.3 BigID; i. Corporate; Table 1.7: BigID Investment Rounds ($m), 2016-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iii. High-level View of Offering; iv. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.4 Chainalysis; i. Corporate; Table 1.8: Chainalysis’ Investment Rounds ($m), 2016-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.5 ComplyAdvantage; i. Corporate; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.6 CyberGRX, inc.; i. Corporate; Table 1.10: CyberGRX’s Investment Rounds ($m), 2016-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.7 Drata; i. Corporate; Table 1.11: Drata’s Investment Rounds ($m), 2021-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.8 Elliptic; i. Corporate; Table 1.12: Elliptic’s Investment Rounds ($m), 2014-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Partnerships; 1.2.9 Encompass; i. Corporate; Table 1.13: Encompass’ Investment Rounds ($m), 2016-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.10 Feedzai; i. Corporate; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level view of offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.11 Fenergo; i. Corporate; Table. 1.15: Fenergo’s Investment Rounds ($m), 2013-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.12 Forter; i. Corporate; Table 1.16: Forter’s Investment Rounds ($m), 2014-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.13 Hummingbird; i. Corporate; Table 1.17: Hummingbird’s Investment Rounds ($m), 2018-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.14 IDology; i. Corporate; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.15 Jumio; i. Corporate; Table 1.18: Jumio’s Investment Rounds ($m), 2010-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.16 Onfido; i. Corporate; Table 1.19: Onfido’s Investment Rounds ($m), 2017-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.17 Quantexa; i. Corporate; Table 1.20: Quantexa’s Investment Rounds ($m), 2017-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.18 Sift; i. Corporate; Table 1.21: Sift’s Investment Rounds ($m), 2011-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of Offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.19 Socure; i. Corporate; Table 1.22: Socure’s Investment Rounds ($m), 2016-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.20 SymphonyAI Sensa; i. Corporate; Table 1.23: SymphonyAI Sensa Investment Rounds ($m), 2012-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.21 Tessian; i. Corporate; Table 1.24: Tessian’s Investment Rounds ($m), 2014-; ii. Geographical Spread; iii. Key Clients & Strategic Partnerships; iv. High-level View of offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.22 Trulioo; i. Corporate; Figure 1.25: Trulioo’s Investment Rounds; ii. Geographical location; iii. Key Clients & Strategic Partnerships; iv. High-level View of offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.2.23 Unit; i. Corporate; Table 1.26: Unit21 Investment Rounds, 2020-; ii. Geographical location; iii. Key Clients & Strategic Partnerships; iv. vi. High-level View of offering; v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities; 1.3 Juniper Research Leaderboard Assessment Methodology; 1.3.1 Limitations & Interpretation; Table 1.27: Juniper Research Competitor Leaderboard Scoring Criteria
1. Regtech: Introduction & Methodology: 1.1 Introduction; 1.2 Methodology & Assumptions; Figure 1.1 Global Regtech Forecast Methodology; Figure 1.2 KYC Validation in Banking Forecast Methodology; Figure 5.3 KYC Validation for Property Sales Forecast Methodology
2. Regtech Forecast: Digital Banking Onboarding: 2.1 Global Regulatory Compliance Forecasts; 2.1.1 Total Regtech Spending Forecast; Figure & Table 2.1: Total Spending Attributable to Regtech ($m), Split by 8 Key Regions, 2023-; 2.2 Digital Banking Onboarding Forecast; 2.2.1 Number of New Accounts Opened Using Digital Onboarding; Figure & Table 2.2: Number of New Bank Accounts Opened per annum via Digital Onboarding (m), Split by 8 Key Regions, 2023-2028.; 2.3 Total Number of KYC Checks for Banking Carried Out by AI per annum; Figure & Table 2.3: Total Number of Digital Onboarding Checks for Banking Carried Out by AI Systems (m), Split by 8 Key Regions, 2023-; 2.4 Total Time Savings from Carrying Out Banking KYC Checks with AI Systems; Figure & Table 2.4: Total Time Savings on Banking KYC Checks Utilising AI Systems (Million Hours), Split by 8 Key Regions, 2023-; 2.5 Total Cost Savings from Utilising AI for Banking KYC Checks; Figure & Table 2.5: Total Cost Saving on KYC Checks Utilising AI Systems ($m), Split by 8 Key Regions, 2023
3. Regtech Forecast: Digital Property Onboarding: 3.1 KYC Checks for Property Forecasts; 3.1.1 Total Number of KYC Checks Carried Out for Property Sales per annum; Figure & Table 3.1: Total Number of KYC Checks Carried Out for Property Sales per annum (m), Split by 8 Key Regions, 2023-; 3.1.2 Total Number of KYC Checks for Property Sales Carried Out by AI per annum; Figure & Table 3.2: Total Number of KYC Checks Carried Out for Property Sales per annum (m), Split by 8 Key Regions, 2023-; 3.1.3 Total Time Savings from Carrying out Property Sale KYC Checks with AI Systems per annum; Figure & Table 3.3: Total Time Saving on KYC Checks for Property Sales Utilising AI Systems per annum (Million Hours), Split 8 Key Regions, 2023-; 3.1.4 Total Cost Savings from Utilising AI to Carry Out Property Sale KYC Checks per annum; Figure & Table 3.4: Total Cost Savings on KYC Checks for Property Sales Utilising AI systems per annum ($m), Split by 8 Key Regions, 2023-