Market Overview:
The global regtech solutions for banks market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for regtech solutions from small and medium-sized enterprises (SMEs) and large organizations, and the need for risk & compliance management, identity management, regulatory reporting, fraud management, and regulatory intelligence solutions. North America is expected to lead the global regtech solutions for banks market in terms of revenue during the forecast period.
Product Definition:
Regtech Solutions for Banks are technological solutions that help banks meet regulatory requirements. These solutions automate the process of tracking and reporting regulatory data, making it easier and faster for banks to comply with regulations. The importance of Regtech Solutions for Banks is that they help banks stay compliant with regulations while also reducing costs and improving efficiency.
Risk & Compliance Management:
Risk & compliance management (RCM) is a set of processes and tools that help businesses to identify, assess, monitor and control the risks associated with them. RCM helps organizations to build resilience against potential threats by implementing policies and procedures. It also helps in improving business performance by reducing risk exposure while driving growth for an organization.
Identity Management:
Identity management is a set of processes that are implemented to safeguard the digital identity of an individual or organization. It helps in providing access and authentication for online services and products. The technology also enables users to prove their identity, manage accounts, generate passwords, and secure communications & transactions.
Application Insights:
The Small and Medium-sized Enterprises (SMEs) segment held the largest market share in 2016. The segment is expected to witness significant growth over the forecast period owing to increasing awareness among SMEs regarding potential savings through reduced transaction costs and improved financial management practices. Regulatory reporting solutions are particularly beneficial for SMEs as they offer a cost-effective method of complying with regulatory requirements while maintaining a high level of operational efficiency.
Regulatory Intelligence application is anticipated to witness lucrative growth over the forecast period due to its ability to provide banks with up-to-date information on evolving regulations, which helps them develop strategies for maximum profitability. Regulatory intelligence also allows banks¢â‚¬â„¢ employees who have special knowledge of regulations pertaining to a particular sector, e.g., commodities or derivatives markets, etc.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing regulatory requirements and initiatives in emerging economies, such as China and India. For instance, in September 2017, ICICI Bank Ltd., one of the largest banks in India, announced its collaboration with IBM Corporation for implementing a new cross-border payment solution based on blockchain technology. The solution is expected to help reduce counterfeit currency rates by authenticating customer transactions across borders using digital identity platform operated by ICICI Bank Ltd.
In January 2018 UBS AG announced its plan of investing around USD X million over a period of three years into developing financial services based on artificial intelligence (AI).
Growth Factors:
- Increased demand for regtech solutions from banks due to the ever-growing regulatory landscape.
- The need for better and more efficient compliance processes across banks, which can be addressed through regtech solutions.
- Banks are increasingly looking to outsource their regulatory compliance functions to specialist providers, driving demand for regtech solutions in this area.
- The increasing use of big data and analytics within the banking sector is creating opportunities for regtech providers who can offer innovative data-driven solutions.
- There is a growing trend towards cloud-based deployments of regtech software, providing cost and efficiency benefits to banks
Scope Of The Report
Report Attributes
Report Details
Report Title
Regtech Solutions for Banks Market Research Report
By Type
Risk & Compliance Management, Identity Management, Regulatory Reporting, Fraud Management, Regulatory Intelligence
By Application
SMEs, Large Organizations
By Companies
NICE Actimize, PwC, IBM, London Stock Exchange Group plc, BWise, Broadridge Financial Solutions Inc., Accuity, RIMES TECHNOLOGIES CORPORATION, Wolters Kluwer, Comprendo, Infrasoft Technologies Ltd., Deloitte Touche Tohmatsu Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Regtech Solutions for Banks Market Report Segments:
The global Regtech Solutions for Banks market is segmented on the basis of:
Types
Risk & Compliance Management, Identity Management, Regulatory Reporting, Fraud Management, Regulatory Intelligence
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Organizations
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NICE Actimize
- PwC
- IBM
- London Stock Exchange Group plc
- BWise
- Broadridge Financial Solutions Inc.
- Accuity
- RIMES TECHNOLOGIES CORPORATION
- Wolters Kluwer
- Comprendo
- Infrasoft Technologies Ltd.
- Deloitte Touche Tohmatsu Limited
Highlights of The Regtech Solutions for Banks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Risk & Compliance Management
- Identity Management
- Regulatory Reporting
- Fraud Management
- Regulatory Intelligence
- By Application:
- SMEs
- Large Organizations
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Regtech Solutions for Banks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Regtech Solutions for Banks is a suite of software that helps banks automate their regulatory compliance processes. This includes tasks such as monitoring and managing bank compliance risks, tracking and reporting on regulatory changes, and automating the submission of required filings.
Some of the major companies in the regtech solutions for banks market are NICE Actimize, PwC, IBM, London Stock Exchange Group plc, BWise, Broadridge Financial Solutions Inc., Accuity, RIMES TECHNOLOGIES CORPORATION, Wolters Kluwer, Comprendo, Infrasoft Technologies Ltd., Deloitte Touche Tohmatsu Limited.
The regtech solutions for banks market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Regtech Solutions for Banks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Regtech Solutions for Banks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Regtech Solutions for Banks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Regtech Solutions for Banks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Regtech Solutions for Banks Market Size & Forecast, 2020-2028
4.5.1 Regtech Solutions for Banks Market Size and Y-o-Y Growth
4.5.2 Regtech Solutions for Banks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Risk & Compliance Management
5.2.2 Identity Management
5.2.3 Regulatory Reporting
5.2.4 Fraud Management
5.2.5 Regulatory Intelligence
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Organizations
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Regtech Solutions for Banks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Regtech Solutions for Banks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Risk & Compliance Management
9.6.2 Identity Management
9.6.3 Regulatory Reporting
9.6.4 Fraud Management
9.6.5 Regulatory Intelligence
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Organizations
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Risk & Compliance Management
10.6.2 Identity Management
10.6.3 Regulatory Reporting
10.6.4 Fraud Management
10.6.5 Regulatory Intelligence
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Organizations
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Risk & Compliance Management
11.6.2 Identity Management
11.6.3 Regulatory Reporting
11.6.4 Fraud Management
11.6.5 Regulatory Intelligence
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Organizations
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Risk & Compliance Management
12.6.2 Identity Management
12.6.3 Regulatory Reporting
12.6.4 Fraud Management
12.6.5 Regulatory Intelligence
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Organizations
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Risk & Compliance Management
13.6.2 Identity Management
13.6.3 Regulatory Reporting
13.6.4 Fraud Management
13.6.5 Regulatory Intelligence
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Organizations
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Regtech Solutions for Banks Market: Competitive Dashboard
14.2 Global Regtech Solutions for Banks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NICE Actimize
14.3.2 PwC
14.3.3 IBM
14.3.4 London Stock Exchange Group plc
14.3.5 BWise
14.3.6 Broadridge Financial Solutions Inc.
14.3.7 Accuity
14.3.8 RIMES TECHNOLOGIES CORPORATION
14.3.9 Wolters Kluwer
14.3.10 Comprendo
14.3.11 Infrasoft Technologies Ltd.
14.3.12 Deloitte Touche Tohmatsu Limited
