To maintain compliance with existing regulations and keep up with new ones, companies are increasingly looking to tech solutions that can help streamline and manage data, processes, filings, and more. A host of tech startups in the regulatory space has emerged that offer a range of software, services, and tools aimed at bringing more data and efficiency to regulatory compliance.
CB Insights refers to this category as Regtech, and defines it as companies developing technologies aimed at simplifying and streamlining compliance, risk management, reporting, data management, and more. In the last 5 years, regtech companies have raised $2.3B in funding across 317 deals. Though the bulk of startups in this space are focused on compliance in the financial services sector, there are several startups that are working on regtech related to healthcare, environmental protection, food and drug, cybersecurity, blockchain, and even cannabis.
CB Insights has produced a #RegTech Market Map which identifies the startups helping businesses mitigate risk and monitor compliance across industries. Discover it here. INTIX is highlighted by CB Insights in the “Reporting” category.
INTIX helps financial institutions and corporate treasuries comply with regulatory reporting requirements and take advantage of the transaction data whether available in a single or multiple transactional systems.