Hoboken, New Jersey – (December 8, 2022) Duality Technologies, the leader in privacy preserving data collaboration, today announced its inclusion for the second consecutive year on the 2023 RegTech100 list. The distinguished list compiles the world’s most innovative and pioneering businesses in the regulatory technology market that are helping financial institutions deal with the most pressing compliance and risk management challenges.
As 2022 comes to a close, the popularity of regulatory technology has remained strong, with the market set to grow by a compound annual growth rate of 19.8% by 2027. A panel of analysts and industry experts reviewed a long list of nearly 1,300 businesses, which was produced by RegTech Analyst. They sought to highlight the solutions every leader in financial services need to know about in 2023.
“Duality is proud to again be named to the esteemed RegTech100 list, as enabling analysis on sensitive data in a privacy preserving manner proves to be the most effective way to easily comply with regulation and simultaneously improve business outcomes for all areas of banking and financial services,” said Duality chief executive officer and co-founder Dr. Alon Kaufman.
“Banks and financial institutions typically only have access to approximately 25% of the customer transaction history – leading to an incomplete financial picture, business losses, and countless obstacles to growth. Duality enables our customers to expedite processes, improve operational efficiency, and mitigate risk by securely collaborating on sensitive data across financial institutions, partner ecosystems, and across borders – all while complying with all applicable regulations.”
RegTech Analyst director of research Mariyan Dimitrov said, “With the rapid changes in regulatory frameworks, working habits and customer expectations, compliance and regulatory technology continue to be a growing area of investment for financial institutions as they streamline their operations. The RegTech100 list helps senior executives get a better ROI on that spending by highlighting the leading companies in areas such as onboarding, risk management, fraud prevention and information security”
For more information read: The Next Generation of Financial Crime Investigations Fact Sheet.
Duality is the leader in privacy enhanced secure data collaboration, empowering organizations worldwide to maximize the value of their data without compromising on privacy or regulatory compliance. Founded and led by world-renowned cryptographers and data scientists, Duality operationalizes privacy enhancing technologies (PETs) to accelerate data insights by enabling analysis and AI on encrypted data, while preserving data privacy, compliance and protecting valuable IP. A Gartner Cool Vendor, Duality was named a Tech Pioneer 2021 by the World Economic Forum (WEF) and listed on Fast Company’s 2020 Most Innovative Companies and recently won the 2022 CB Insights’ AI 100 and the RegTech 100 Awards in 2022 and 2023.