Alessa’s Andrew Simpson Among World Leaders in RegTech for 2020
Andrew Simpson’s vision has helped Alessa become a go-to-solution in the battle against anti-money laundering (AML) and other financial crimes.
Toronto, ON – February 11, 2020 - Alessa’s Chief Operating Officer (COO), Andrew Simpson, has been named one of the Top 25 RegTech Executives of 2020 by The Financial Technology Report.
“Being named as leader in RegTech is indeed an honour for me and I share this with the highly skilled people who make Alessa our state-of-the art solution for complying with anti-money laundering, counter terrorist financing and other regulations,” said Simpson.
As the COO of the Canadian-based fintech, Simpson’s vision has helped Alessa become a go-to-solution in the battle against anti-money laundering (AML) and other financial crimes. Banks, insurance companies and others, are benefitting from the knowledge Simpson’s team has brought to the product, which is a simple and easy to use solution.
Selection to the list was based on a thorough review of each individual's track record and demonstrated expertise in RegTech, said an announcement of the winners for 2020. “We also factored in company caliber and milestones achieved as well as each individual's historical and current career accomplishments,” said The Financial Technology Report article on the announcement.
The report noted: “RegTech dramatically lowers compliance costs and spans investing, trading, lending, banking, insurance, wealth management, portfolio management and many other areas. Some market analysts estimate that the size of the Global RegTech market will reach $55 billion by 2025.”
With more than 20 years of experience, Simpson has not only built companies in the security and information systems audit spaces but has brought his expansive knowledge to Alessa. The company’s renowned continuous monitoring framework is significantly based on Simpson’s experience in the field.
Previously, Simpson held the role of CEO and founded SymSure before its acquisition by CaseWare IDEA Inc. Simpson is also the chairman and owner of Symptai Consulting. He is a respected thought leader across many fields, including data analytics, interrogation, forensics, anti-money laundering, and others.
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