亚太地区监管科技现状报告（英）-2021-311页_6mb

Summary of The State of Regtech in APAC (2021)

Core Content

This white paper, commissioned by Enterprise Ireland, evaluates the regtech landscape and market opportunities in the Asia-Pacific (APAC) region. It provides insights into the regulatory environment, the impact of digital transformation, and the role of regtech in supporting compliance for financial services firms across the region.

Main Trends and Opportunities

• Digital Transformation: The APAC region is undergoing rapid digital transformation, especially in the financial services sector. This has led to an increased demand for regtech solutions to manage compliance with evolving regulations.
• Regulatory Challenges: Financial institutions in APAC face complex and ever-changing regulatory requirements, particularly in areas such as AML/CFT, cybersecurity, and governance.
• Regtech Adoption: The use of regtech is growing significantly in the region, driven by the need to streamline compliance processes and reduce costs.
• Covid-19 Impact: The pandemic has accelerated the adoption of digital solutions, including regtech, as businesses move towards more automated and remote processes.
• Market Potential: The development of digital economies in APAC presents a substantial opportunity for regtech companies, especially those from mature and highly regulated markets.

Key Regtech Solutions in APAC

The following are some of the leading regtech solutions operating in the APAC region:

AML & KYC Transaction Monitoring & Reporting

• DX Compliance Solutions: Offers AML Transaction Monitoring software for B2B challenger banks and payments companies. It is designed by compliance professionals, tested and updated regularly.
• ID-Pal: Provides an end-to-end KYC solution that simplifies customer identity verification through advanced mobile technologies.
• Kyckr: Offers global company intelligence from legally authoritative sources, enabling automated corporate customer validation.
• UBO Service: Helps obliged entities identify and verify ultimate beneficial owners (UBOs) using a real-time UBO Portal and API.
• Know Your Customer (KYC): Provides next-generation digital on-boarding solutions, significantly reducing on-boarding time for corporate clients.

Accounts & Audit Compliance

• Circuit: A financial audit management platform that offers real-time visibility and reduces audit costs by 80%.
• IntegraLynx: A data management solution designed for IFRS 17 compliance, integrating data from various financial systems.
• Taxamo: Specializes in global VAT/GST compliance for digital service sales, offering a cost-effective solution for enterprises.

Client Life Cycle Management

• Fenergo: Provides Client Lifecycle Management (CLM) software that transforms how financial institutions manage their clients, from onboarding to ongoing compliance.
• Solgari: Offers a Dynamics 365 All-Channel Communications Solution, enhancing customer engagement and compliance across multiple channels.

Supervisory Tech (SupTech)

• Vizor Software: A global leader in supervisory technology, providing regulatory reporting and compliance solutions across multiple financial sectors.
• GECKO Governance: Offers a comprehensive RegTech system for financial institutions, with optional Blockchain integration to improve compliance efficiency.

Compliance, Conduct & Risk Management

• AQMetrics: Provides integrated compliance and risk management software, addressing AML, KYC, CDD, and other regulatory processes.
• ARM (Automated Regulatory Monitoring): Offers a scalable platform for automated compliance monitoring, using algorithms to identify vulnerabilities.
• CalQRisk: A GRC management information system that covers risk assessment, incident management, and compliance estimation.
• Chasing Returns: Offers risk management tools for traders, including real-time support and risk mitigation solutions.
• Miura: Automates regulatory compliance by scanning policies and updating them in real-time when regulations change.
• NeoTutum: Focuses on end-to-end compliance with a new age approach, leveraging technology and analytics to improve risk management.
• pTools: Provides enterprise-level content management solutions for compliance and risk management, with a focus on secure automation.
• red flare: Offers a cloud-based GRC solution, covering GDPR, ISO 27001, and policy document management with intuitive dashboards.

Communications & Cybersecurity

• Joulica: A multi-award-winning startup that drives digital innovation in customer experience through real-time analytics and communications.
• Phonovation: Offers voice and SMS solutions, including PhonoSecure STOP to protect against cyber fraud.
• 4SECURITAS: Provides cybersecurity solutions, including a 24/7 security partner and global solutions for data protection.
• Edgescan: Offers cybersecurity tools, including the PRISM platform for data protection and compliance.
• Waratek: Specializes in cybersecurity with a focus on protecting financial data and systems.
• VigilTrust: Provides cybersecurity solutions with a global focus on data integrity and security.

Challenges for Regtech Companies

• Regulatory Complexity: The APAC region has a wide range of regulatory environments, making compliance a complex challenge.
• Digital Divide: While some developed economies are leading in digital adoption, developing economies face challenges in infrastructure and digital literacy.
• Market Fragmentation: The region's diverse regulatory frameworks and market conditions require regtech solutions to be highly adaptable and scalable.

Conclusion

The APAC region presents a significant opportunity for regtech companies, especially those from mature markets. The rise of digital economies and the increasing complexity of regulatory requirements are driving the need for innovative regtech solutions. Enterprise Ireland aims to support its regtech companies in expanding into this market, leveraging their expertise in compliance and technology to meet the growing demand in the region.