CaseWare RCM Makes RegTech 100 List of Tech Companies Transforming Compliance, Risk Management and Cybersecurity
Makers of Alessa lands on prestigious list recognizing most innovative technology solution providers that address the challenges of dealing with regulatory pressures within financial services.
On January 15, 2021, Alessa was acquired by Tier1 Financial Solutions.
Toronto, CANADA - December 02, 2020 – CaseWare RCM, a provider of financial crime detection and prevention solutions, has announced that it was selected for the RegTech100 list for 2021 for its innovative use of technology to solve a significant industry problem or to generate efficiency improvements across the compliance function.
The regulatory technology (RegTech) industry has experienced huge growth as banks and financial institutions adapt to regulatory change across all jurisdictions. According to data published by RegTech Analyst, over $5 billion has been invested in RegTech companies in 2020.
For the RegTech 100 List, a panel of analysts and industry experts reviewed a list of over 1,000 companies and finalists were chosen for their ability to address industry issues or to provide efficiencies.
“The RegTech landscape is truly exciting and we have been seeing incredible adoption of Alessa. Our mantra of creating holistic, but simple solutions to the increasing complexity of regulatory compliance has certainly resonated with the market,” said Andrew Simpson, Chief Operating Officer at CaseWare RCM. “It’s a creator’s dream to be in the RegTech business today.”
Alessa is a product by CaseWare RCM that is trusted by banks, credit unions, MSBs and fintechs to meet their anti-money laundering (AML) and other regulatory and compliance needs. Alessa is consistently chosen because it is a versatile and modular solution that easily integrates with existing infrastructure, and scales with organizations as their size and needs grow.